Sierra Leone : 2016 Article IV consultation and fifth review under the Extended Credit Facility and financing assurances review and request for an extension of the Extended Credit Facility; press release; staff report; and statement by the Executive Director for Sierra Leone.

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Bibliographic Details
Imprint:	Washington, D.C. : International Monetary Fund, [2016] ©2016
Description:	1 online resource (125 pages) : color illustrations.
Language:	English
Series:	IMF country report ; no. 16/236 IMF country report ; no. 16/236.
Subject:	International Monetary Fund -- Sierra Leone. International Monetary Fund. Economic development -- Sierra Leone. Monetary policy -- Sierra Leone. Fiscal policy -- Sierra Leone. Economic indicators -- Sierra Leone. Ebola virus disease -- Sierra Leone. Iron ores -- Prices -- Sierra Leone. Ebola virus disease. Economic development. Economic indicators. Fiscal policy. Monetary policy. Sierra Leone.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12506764

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund, publisher.
ISBN:	9781498369213 1498369219
Notes:	"July 2016." Includes bibliographical references. Description based on online resource; title from pdf title page (IMF.org website, viewed September 2, 2016).
Summary:	After a dozen years of strong growth, benefiting from both improved polices and booming commodity prices, Sierra Leone has been hit by twin shocks since mid-2014: (i) the Ebola epidemic and (ii) sharply lower iron ore prices. As a result, economic outcomes have deteriorated sharply. Growth declined dramatically from 4.6 percent in 2014 to -21.1 percent in 2015. The budget is under severe pressure, with the authorities having difficulty funding routine expenditures in a timely manner. Between mid-2014 and end-2015, the Leone depreciated 22 percent against the US dollar. Banking sector vulnerabilities have also increased. The World Health Organization declared Sierra Leone Ebola-free for the second time on March 17, 2016. The Article IV discussions were conducted together with the fifth review under the Extended Credit Facility.

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