Sierra Leone: First Review Under the Extended Credit Facility Arrangement, Request for Modification of Performance Criteria, and Financing Assurances Review-Staff Report; and Press Release

June 26, 2014

Summary

This paper discusses Sierra Leone’s First Review Under the Extended Credit Facility (ECF) Arrangement, Request for Modification of Performance Criteria (PC), and Financing Assurances Review. Program performance has been strong. All PCs were met with comfortable margins, and all indicative targets (ITs) were met, except for the one on poverty-related spending that was missed owing to enhanced monitoring of domestic investment execution and delayed budget support. Economic growth momentum continued in 2013, with output expanding by 20 percent. The IMF staff recommends completion of the first review under the ECF arrangement.

Subject: Banking, Budget planning and preparation, Economic and financial statistics, Expenditure, Fiscal policy, Fiscal stance, Monetary statistics, Public debt, Public financial management (PFM)

Keywords: Africa, Budget planning and preparation, consumer price inflation, CR, disbursement of an amount equivalent, ECF arrangement, economic growth momentum, financial asset, Fiscal stance, Global, ISCR, Monetary statistics, SDR

Pages:
64
Volume:
2014
DOI:
https://doi.org/10.5089/9781498355568.002
Issue:
171
Series:
Country Report No. 2014/171
Stock No:
1SLEEA2014001
ISBN:
9781498355568
ISSN:
1934-7685

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