Sierra Leone : Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Financing Assurances Review:Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Sierra Leone.

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Bibliographic Details
Author / Creator:African Dept., International Monetary Fund.
Imprint:Washington : International Monetary Fund, 2012.
Description:1 online resource (87 pages).
Language:English
Series:IMF Staff Country reports, 2227-8907
IMF Staff Country Reports.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12509470
Hidden Bibliographic Details
Other authors / contributors:International Monetary Fund, Contributor.
International Monetary Fund.
ISBN:9781475513165
147551316X
1475513186
9781475513189
9781475513158
ISSN:2227-8907
Notes:English.
Print version record.
Summary:The discussions took place in Freetown during March 29?April 11, 2012; and in Washington (April 21?24, 2012). They focused on conditions for completing the fourth ECF review, corrective measures to be implemented to address fiscal slippages that had occurred in late 2011, and policies for the remainder of 2012. Key performance criteria for end-December 2011 were met. However, sizeable spending overruns resulted in a higher-than-programmed fiscal deficit, financed by an increase in unpaid bills. Implementation of structural reforms was mixed, with some measures postponed to 2012. The authorities implemented all prior actions agreed with staff during the fourth ECF review discussions. Staff recommends completion of the fourth ECF review and the review of financing assurances.
The discussions took place in Freetown during March 29℗ئApril 11, 2012; and in Washington (April 21℗ئ24, 2012). They focused on conditions for completing the fourth ECF review, corrective measures to be implemented to address fiscal slippages that had occurred in late 2011, and policies for the remainder of 2012. Key performance criteria for end-December 2011 were met. However, sizeable spending overruns resulted in a higher-than-programmed fiscal deficit, financed by an increase in unpaid bills. Implementation of structural reforms was mixed, with some measures postponed to 2012. The authoritie.
Other form:Print version: African Dept., International Monetary Fund. Sierra Leone : Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Financing Assurances Review:Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Sierra Leone. Washington : International Monetary Fund, ©2012 9781475513158
Standard no.:10.5089/9781475513189.002

MARC

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505 0 |a Cover; Contents; Abbreviations and Acronyms; Executive Summary; I. Recent Developments and Program Performance; II. Outlook and Risks; III. Policy Discussions; A. Fiscal Consolidation and Reform; B. Monetary and Exchange Rate Policies; C. External Debt Policy and Debt Management; D. Structural Reforms; IV. Program Monitoring and Capacity to Repay the Fund; V. Staff Appraisal; Figures; 1. Real and External Sectors, 2008-12; 2. Fiscal Sector, 2008-12; 3. Monetary and Financial Sectors, January 2008-June 2012. 
505 8 |a 4. Indicators of Public and Publicly Guaranteed External Debt under Alternative Scenarios, 2012-32Tables; 1. Selected Economic Indicators; 2. Fiscal Operations of the Central Government; 3. Fiscal Operations of the Central Government (Percent of Non-Iron Ore GDP); 4. Monetary Accounts; 5. Balance of Payments; 6. Indicators of Capacity to Repay the Fund; 7. Actual and Proposed Disbursements under the ECF Arrangement, 2010-13; 8. Millennium Development Goals; 9. Financial Soundness Indicators of the Banking System, 2005-11; Box; 1. Corrective Fiscal Measures at end-June 2012; Appendix. 
505 8 |a I. Letter of IntentAttachment I. Memorandum of Economic and Financial Policies for 2012; Attachment II. Technical Memorandum of Understanding; Contents; I. Relations with the Fund; II. Joint World Bank-IMF Work Program, 2012-13; III. Statistical Issues. 
546 |a English. 
520 3 |a The discussions took place in Freetown during March 29?April 11, 2012; and in Washington (April 21?24, 2012). They focused on conditions for completing the fourth ECF review, corrective measures to be implemented to address fiscal slippages that had occurred in late 2011, and policies for the remainder of 2012. Key performance criteria for end-December 2011 were met. However, sizeable spending overruns resulted in a higher-than-programmed fiscal deficit, financed by an increase in unpaid bills. Implementation of structural reforms was mixed, with some measures postponed to 2012. The authorities implemented all prior actions agreed with staff during the fourth ECF review discussions. Staff recommends completion of the fourth ECF review and the review of financing assurances. 
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