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Sierra Leone: Request for a Three-Year Arrangement Under the Extended Credit Facility-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 2017: Issue 154
Language:
English
Publication Date:
22 Jun 2017
DOI:
https://doi.org/10.5089/9781484303832.002
ISBN:
9781484303832
ISSN:
1934-7685
Pages:
100
Keywords:
ISCR; CR; authority; ECF arrangement; IMF Deputy managing director Mr. Tao Zhang; Sierra Leonean authorities; ECF program; authorities' effort; Public and publicly-guaranteed external debt; Budget planning and preparation; Global
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This paper discusses Sierra Leone’s Request for a Three-Year Arrangement under the Extended Credit Facility (ECF). In the near term, this ECF is expected to support important but difficult policies: ending routine foreign exchange auctions and eliminating numerous tax and duty exemptions while increasing infrastructure spending and bolstering the social safety net. The ECF will also catalyze maintenance of external support. In the medium term, the proposed arrangement will provide the framework for structural progress on revenue mobilization, public financial management and financial sector reforms, and increased reserves. The IMF staff supports the authorities’ request for the new ECF.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund