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:
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.

MARC

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245 0 0 |a Sierra Leone :  |b 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. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c [2016] 
264 4 |c ©2016 
300 |a 1 online resource (125 pages) :  |b color illustrations. 
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490 1 |a IMF country report ;  |v no. 16/236 
500 |a "July 2016." 
504 |a Includes bibliographical references. 
520 |a 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. 
588 |a Description based on online resource; title from pdf title page (IMF.org website, viewed September 2, 2016). 
505 0 |a Cover; CONTENTS; BACKGROUND; A. Context; B. Recent Economic Developments, Medium-Term Outlook and Risks; ARTICLE IV DISCUSSIONS: BUILDING THE FOUNDATIONS FOR ECONOMIC RECOVERY AND STRONGER GROWTH; A. Policy Theme #1: Making Fiscal Space for Priority Spending; B. Policy theme #2: Enhancing Public Financial Management; C. Policy Theme #3: Enhancing Monetary Framework, Strengthening Financial Stability, and Unlocking the Potential of Macro-Financial Synergies; D. Policy Theme #4: Strengthening Economic Diversification and External Sustainability; PROGRAM ISSUES 
505 8 |a A. Review of Recent Program PerformanceB. Review of Forward-Looking Policies; STAFF APPRAISAL; BOX; 1. Measures to Close the 2017 and the Medium-Term Fiscal Gap; FIGURES; 1. Development Indicators; 2. Recent Economic Developments and Medium-Term Outlook, 2011-21; 3. Real and External Sectors, 2011-15; 4. Fiscal Sector, 2011-16; 5. Medium-Term Fiscal Outlook, 2015-21; 6. Monetary and Financial Indicators, 2011-15; 7. Selected Indicators on Financial Sector Depth and Inclusiveness; 8. Business Environment Indicators; 9. Progress Towards the MDGs, 1990-2015; TABLES 
505 8 |a 1. Selected Economic Indicators, 2013-212a. Fiscal Operations of the Central Government, 2013-21 (Billions of Leone); 2b. Fiscal Operations of the Central Government, 2013-21 (Percent of Non-Iron Ore GDP); 2c. Fiscal Operations of the Central Government in 2015; 2d. Fiscal Operations of the Central Government in 2016; 3. Monetary Accounts, 2013-16; 4. Balance of Payments, 2013-21; 5. Financial Soundness Indicators of the Banking System, 2011-15; 6. Indicators of Capacity to Repay the Fund, 2013-21; 7. Actual and Proposed Disbursements Under the ECF Arrangement, 2013-21 
505 8 |a 8. Millennium Development Goals, 1990-20159. Risk Assessment Matrix (RAM); ANNEXES; I. External Sector Assessment; II. Response to Fund Advice for the 2013 Article IV Consultation; APPENDICES; I. Letter of Intent; Attachment I. Memorandum of Economic and Financial Policies for 2016-19; Attachment II. Technical Memorandum of Understanding; II. Sierra Leone Macro-Financial Pilot; CONTENTS; RELATIONS WITH THE FUND; JOINT WORLD BANK-IMF WORK PROGRAM, 2016-17; STATISTICAL ISSUES 
610 2 0 |a International Monetary Fund  |z Sierra Leone. 
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650 0 |a Monetary policy  |z Sierra Leone. 
650 0 |a Fiscal policy  |z Sierra Leone. 
650 0 |a Economic indicators  |z Sierra Leone. 
650 0 |a Ebola virus disease  |z Sierra Leone. 
650 0 |a Iron ores  |x Prices  |z Sierra Leone. 
650 6 |a Développement économique  |z Sierra Leone. 
650 6 |a Politique monétaire  |z Sierra Leone. 
650 6 |a Politique fiscale  |z Sierra Leone. 
650 6 |a Indicateurs économiques  |z Sierra Leone. 
650 6 |a Maladie à virus Ebola  |z Sierra Leone. 
650 7 |a Ebola virus disease.  |2 fast  |0 (OCoLC)fst00901253 
650 7 |a Economic development.  |2 fast  |0 (OCoLC)fst00901785 
650 7 |a Economic indicators.  |2 fast  |0 (OCoLC)fst00901996 
650 7 |a Fiscal policy.  |2 fast  |0 (OCoLC)fst00925806 
650 7 |a Monetary policy.  |2 fast  |0 (OCoLC)fst01025230 
651 7 |a Sierra Leone.  |2 fast  |0 (OCoLC)fst01210248 
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