Cover IMF Staff Country Reports
Sierra Leone: 2022 Article IV Consultation and Fifth Review under the Extended Credit Facility Arrangement, Requests for Waivers of Nonobservance of Performance Criteria, Modifications of Performance Criteria, and Financing Assurance Review-Press Release; Staff Report; and Statement by the Executive Director for Sierra Leone
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2022: Issue 259
Language:
English
Publication Date:
29 Jul 2022
DOI:
https://doi.org/10.5089/9798400215803.002
ISBN:
9798400215803
ISSN:
1934-7685
Pages:
196
Keywords:
staff appraisal; memorandum of economic policy; Sierra Leone's constitution; supplementary letter of intent; BSL rate; Budget planning and preparation; Inflation; Debt sustainability; Global; Africa; Sub-Saharan Africa
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Sierra Leone continues to pursue its development path amidst continued vulnerability to shocks and still fragile institutions. Despite a decisive health and economic response to the COVID-19 pandemic, less than one in five Sierra Leoneans is vaccinated, and urgent challenges, such as food insecurity, persist. The authorities’ ambitious National Development Plan is showing first results in the education sector, but human development outcomes remain among the weakest worldwide. The COVID-19 crisis and the war in Ukraine has stoked inflation and exacerbated an exceptionally tight fiscal situation in the context of high risk of debt distress, severely limiting the authorities’ room to maneuver.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2022: Issue 259