Sierra Leone: 2006 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Financing Assurances Review, and Request for Waiver of Nonobservance of Performance Criterion

Volume/Issue: Volume 2007 Issue 068

Publication date: February 2007

ISBN: 9781451834604

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , authority , poverty , Sierra Leonean authorities , SDR , progress places Sierra Leone , development expenditure , exchange rate , debt ratio , Debt relief , Capital spending , Fiscal stance , Total expenditures , Sub-Saharan Africa

Also of interest

Peru

Grenada

Nepal

Republic of Congo : 2001 Article IV

Summary

The 2006 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility of Sierra Leone reviews sustainability of higher economic growth and reduction of poverty. Sierra Leone has made progress in improving governance and transparency, but much remains to be done, particularly in the area of governance. Reforms guided by the recommendations of the recent Financial Sector Assessment Program should be given high priority. The authorities concurred that future borrowing should be limited to concessional terms to avoid another build-up of unsustainable debt.