Sierra Leone : Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Financing Assurances Review: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Sierra Leone.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. African Department.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2012/285

IMF country report ; no. 12/285

IMF Staff Country Reports

Language:

English

Subjects (All):

Economic development--Sierra Leone.

Economic development.

Sierra Leone--Economic conditions.

Sierra Leone.

Physical Description:

1 online resource (87 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2012.

Language Note:

English

Summary:

The discussions took place in Freetown during March 29–April 11, 2012; and in Washington (April 21–24, 2012). They focused on conditions for completing the fourth ECF review, corrective measures to be implemented to address fiscal slippages that had occurred in late 2011, and policies for the remainder of 2012. Key performance criteria for end-December 2011 were met. However, sizeable spending overruns resulted in a higher-than-programmed fiscal deficit, financed by an increase in unpaid bills. Implementation of structural reforms was mixed, with some measures postponed to 2012. The authorities implemented all prior actions agreed with staff during the fourth ECF review discussions. Staff recommends completion of the fourth ECF review and the review of financing assurances.

Contents:

Cover; Contents; Abbreviations and Acronyms; Executive Summary; I. Recent Developments and Program Performance; II. Outlook and Risks; III. Policy Discussions; A. Fiscal Consolidation and Reform; Box; 1. Corrective Fiscal Measures at end-June 2012; B. Monetary and Exchange Rate Policies; C. External Debt Policy and Debt Management; D. Structural Reforms; IV. Program Monitoring and Capacity to Repay the Fund; V. Staff Appraisal; Figures; 1. Real and External Sectors, 2008-12; 2. Fiscal Sector, 2008-12; 3. Monetary and Financial Sectors, January 2008-June 2012

4. Indicators of Public and Publicly Guaranteed External Debt under Alternative Scenarios, 2012-32Tables; 1. Selected Economic Indicators; 2. Fiscal Operations of the Central Government; 3. Fiscal Operations of the Central Government (Percent of Non-Iron Ore GDP); 4. Monetary Accounts; 5. Balance of Payments; 6. Indicators of Capacity to Repay the Fund; 7. Actual and Proposed Disbursements under the ECF Arrangement, 2010-13; 8. Millennium Development Goals; 9. Financial Soundness Indicators of the Banking System, 2005-11; Appendix; I. Letter of Intent

Attachment I. Memorandum of Economic and Financial Policies for 2012Attachment II. Technical Memorandum of Understanding; Contents; I. Relations with the Fund; II. Joint World Bank-IMF Work Program, 2012-13; III. Statistical Issues

Notes:

"October 2012."

Description based on print version record.

ISBN:

9781475513172

1475513178

9781475513165

147551316X

9781283866842

1283866846

9781475513189

1475513186