Sierra Leone: Fifth Review Under the Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Nonobservance of Performance Criterion, Request for Modification of Performance Criteria, and Financing Assurances Review

International Monetary Fund

No 2010/015, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses key findings of the Fifth Review Under the Poverty Reduction and Growth Facility Arrangement for Sierra Leone. Program performance in the first half of 2009 was satisfactory. All end-June quantitative performance criteria were met, as were all end-June structural benchmarks, although one with a delay. One of the two structural benchmarks for September 2009 was met, while the other was missed. Fiscal policy for the remainder of 2009 will aim to keep domestic revenue collection on track while containing unanticipated spending pressures.

Keywords: ISCR; CR; growth facility; request; request for modification of performance criteria; debt; PRGF arrangement; spending pressure; disbursement of SDR; Debt sustainability analysis; Imports; International reserves; Global (search for similar items in EconPapers)
Pages: 75
Date: 2010-01-14
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