Towards a Medium-Term Fiscal Framework and Debt Anchor for Sierra Leone

Fazeer Rahim (), Naoya Kato, Peter Wankuru () and Yue Zhou ()
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Fazeer Rahim: IMF
Naoya Kato: Bank of Japan
Peter Wankuru: IMF
Yue Zhou: IMF

Chapter Chapter 6 in Navigating Economic Storms and Emerging from Fragility, 2026, pp 67-77 from Springer

Abstract: Abstract This chapter reviews the recent debt dynamics in Sierra Leone and develops a fiscal anchor that could help guide fiscal policy over the medium term. It sets an overall balance that can reduce the debt-to-GDP ratio towards its anchor of 51 percent of non-iron-ore GDP in 12 years, consistent with maintaining a safety buffer of about 19 percent, so that a maximum debt ceiling of 70 percent of GDP is not exceeded. The credibility of this framework depends on ongoing reforms to raise potential output, enhance revenue mobilization, and improved expenditure and commitment controls.

Keywords: Fiscal anchor; Medium-term fiscal framework (MTFF); Public debt; Debt sustainability; Fiscal adjustment; Contingent liabilities; Debt ceiling (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-92147-6_6

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DOI: 10.1007/978-3-031-92147-6_6

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