Sierra Leone: Technical Assistance Report-Public Investment Management Assessment

Sierra Leone: Technical Assistance Report-Public Investment Management Assessment
Author: International Monetary
Publisher: International Monetary Fund
Total Pages: 61
Release: 2021-05-07
Genre: Business & Economics
ISBN: 1513572962

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Sierra Leone has made significant strides to rebuild its public infrastructure after the devastating civil war, but the desperate infrastructure needs remain. At the end of the conflict in 2002, the country was left with virtually no infrastructure. Redevelopment of public infrastructure was ignited by the mining boom, which started in the late 2000s. Over the period 2008−18, public investment averaged 6.5 percent of gross domestic product (GDP), which has translated into an estimated capital stock of about 65 percent in constant 2011 GDP. However, a level of public investment is still lower than neighboring countries by about one percentage point. The level of capital stock per capita is one of the lowest in the region, only slightly above that of Liberia. Some districts still have no paved roads, no electricity, and no water systems, almost 20 years after the war.

Sierra Leone

Sierra Leone
Author: International Monetary Fund. Statistics Dept.
Publisher: International Monetary Fund
Total Pages: 28
Release: 2022-10-21
Genre: Business & Economics
ISBN:

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Regular rebasing is essential to ensure that gross domestic product (GDP) volume estimates remain relevant over the years by recording the importance of all economic activities as well as their relative prices. The base year of the actual GDP estimates of Sierra Leone is the year 2006. The new base will be the year 2018 and will provide an up-to-date and comprehensive estimate of Sierra Leone’s economic activity. At the request of the Statistics Sierra Leone (STATS SL), a technical assistance mission was conducted to provide guidance on the analyses of the source data and method used to compile the GDP data as well as to develop the Supply and Use Tables. The mission was conducted under the auspices of AFRITAC West 2, IMF.

Sierra Leone

Sierra Leone
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
Total Pages: 216
Release: 2019-07-09
Genre: Social Science
ISBN: 1498324967

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The Government of Sierra Leone’s new Medium-term National Development Plan (MTNDP) 2019–2023 has been founded on a strong political commitment to deliver devel-opment results that would improve the welfare of Sierra Leone’s citizens. The plan charts a clear path towards 2023 en route to the goal of achieving middle-income status by 2039 through inclusive growth that is sustainable and leaves no one behind. For the next five years, the Free Quality School Education Programme is the government’s flagship programme to provide a solid base to enhance human capital development and to facilitate the transformation of the economy.

Sierra Leone

Sierra Leone
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 83
Release: 2008-07-25
Genre: Business & Economics
ISBN: 1451834616

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This paper discusses key findings of the Second Review Under the Poverty Reduction and Growth Facility (PRGF) program for Sierra Leone. Performance under the IMF-supported program was mixed. Output growth was strong at 6.8 percent and broad-based, but key fiscal revenue and spending objectives were missed, and progress on the structural reform front was slow. The authorities’ program for 2008 aims to mobilize more domestic revenue; reorient public spending to infrastructure projects and poverty-reducing programs; prevent rapid accumulation of public debt; and accelerate implementation of structural reforms.