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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

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Journal Issue

Volume/Issue:: 2010/15
Series:: IMF Staff Country Reports
Author(s):: International Monetary Fund
Publisher:: INTERNATIONAL MONETARY FUND
Published Date:: January 2010
DOI:: http://dx.doi.org/10.5089/9781451834673.002
ISBN:: 9781451834673
ISSN:: 1934-7685
Page:: 75

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.

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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