1.

Record Nr.

UNINA9910157525303321

Titolo

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

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2016

ISBN

1-4755-5980-1

1-4755-5982-8

Descrizione fisica

1 online resource (61 pages) : illustrations, tables

Collana

IMF Staff Country Reports

Disciplina

338.9

Soggetti

Economic development

Budgeting

Exports and Imports

Foreign Exchange

Macroeconomics

Public Finance

National Government Expenditures and Related Policies: General

National Budget

Budget Systems

Trade: General

International Lending and Debt Problems

Public finance & taxation

International economics

Currency

Foreign exchange

Budgeting & financial management

Energy industries & utilities

Expenditure

Budget planning and preparation

Imports

External debt

Public financial management (PFM)

International trade

Expenditures, Public

Budget

Debts, External

Sierra Leone



Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Sommario/riassunto

This paper discusses Sierra Leone’s Sixth Review Under the Extended Credit Facility (ECF) Arrangement, Financing Assurances Review, and Request for Waiver for Nonobservance of Performance Criteria. Growth is expected to reach 6.5 percent in the medium term. However, risks to the outlook are firmly to the downside. Revenues are too low to finance key infrastructure projects. Iron ore production has become moderately profitable, but there is downside risk to iron ore prices. The IMF staff supports the authorities’ request for completion of the sixth (last) review of the ECF arrangement, as well as the request for a waiver for nonobservance of the continuous performance criteria on nonintroduction of multiple currency practices.