Sierra Leone: Recent Economic Developments

International Monetary Fund

No 1997/047, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in Sierra Leone during 1994–96. The disruption to agriculture at the start of the rebel war precipitated negative growth in 1991/92 and 1992/93. The relatively peaceful conditions that prevailed in 1993/94 brought a rebound in agriculture as well as in diamond mining activities. As a result, real GDP grew by an estimated 5 percent. The turnaround was cut short in 1994/95 with the escalation of rebel attacks and amid closure of rutile and bauxite mining operations.

Keywords: ISCR; CR; income tax; broad money; treasury bill; customs duty; sales tax; Sierra Leonean authorities; ad valorem tax; tax rate; exchange rate; Income and capital gains taxes; Agricultural commodities; Commercial banks; Exports; West Africa; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 71
Date: 1997-07-16
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