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Sierra Leone - Country Partnership Framework for the Period FY21 - FY26 (English)

Sierra Leone has an advantageous geography and abundant mineral, agricultural and blue resources, yet the country’s per capita gross domestic product (GDP) is almost the same as it was after independence. The country is roughly equidistant from Europe and North America, has among the largest iron ore and rutile deposits globally, is within one of the world’s most abundant marine ecosystems, hosts the deepest natural harbor in Africa, and has fertile agricultural land and the second highest rainfall in Africa. Yet, it performs poorly on most measures of development: 151-157 on the Human Capital Index (HCI), 150-160 on the Gender Inequality Index, 163-190 on the Doing Business Index, 156-160 on the Logistics Performance Index, 187-209 on the Government Effectiveness Index, 196-207 on internet access, and 179-195 on vulnerability to biological threats in the Global Health Security Index. The challenge facing the CPF is to position Sierra Leone for a job-rich, diversified and private sector-led economic expansion that will tap into the potential of all Sierra Leoneans, including women. This requires: investments in people and services; investments in the private sector; investments in the country’s economic governance and the regulatory environment; and investments in infrastructure (e.g., energy and technology), together with safety nets to put the most vulnerable on a path out of poverty. On this basis, the CPF is structured around: Focus Area 1. Sustainable Growth and Accountable Governance; Focus Area 2. Human Capital Acceleration for Inclusive Growth; and Focus Area 3. Economic Diversification and Competitiveness with Resilience. Three cross-cutting themes are included, governance, gender and technology.

Details

  • Document Date

    2020/04/19

  • Document Type

    Country Partnership Framework

  • Report Number

    148025

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Sierra Leone,

  • Region

    Africa West,

  • Disclosure Date

    2020/05/29

  • Disclosure Status

    Disclosed

  • Board Meeting Date

    2020-05-26T00:00:00Z

  • Doc Name

    Sierra Leone - Country Partnership Framework for the Period FY21 - FY26

  • Keywords

    Combating the Financing of Terrorism; export promotion agency; multilateral investment guarantee agency; Completion and Learning Review; iron ore; climate-related shock; extractive industry transparency initiative; small and medium enterprise; Cost of Doing Business; Fragile, Conflict & Violence; Environmental and Social Safeguard; state-owned banks; real effective exchange rate; high cost of energy; integrated financial management; transmission and distribution network; value for money audit; last country; risk of debt; current account deficit; education and health; natural resource sector; lack of transparency; domestic revenue mobilization; terms of trade; labor force participation; human capital; fiscal deficit; youth; Gender-Based Violence; reducing inflation; Health Service Delivery; balance of payment; gender sensitization training; maternal mortality rate; agriculture and service; Capital Adequacy Ratio; determinants of poverty; tight monetary policy; expansionary fiscal policy; foreign direct investment; impacts on business; low life expectancy; asset and liability; economic growth rate; elimination of subsidy; growth in agriculture; million people; Disaster Risk Finance; treasury single account; law enforcement agencies; Development Policy Lending; state-owned enterprise; international supply chain; price of export; Access to Electricity; international financial flows; debt management strategy; Governance and Accountability; market for exports; iron ore mining; poverty reduction target; employment in agriculture; source income; domestic bank loan; private sector competitiveness; source of revenue; sanitation and hygiene; external public debt; grievance redress mechanism; finance and debt; informal sector operator; investments in infrastructure; source of income; variability in rainfall; global environment facility; benefit of decentralization; intensity of rainfall; export of goods; concentration of population; import of goods; current account balance; poverty and gender; exchange rate depreciation; management of risk; central government budget; theory of change; corporate income tax; personal income tax; local government legislation; formal financial institution; delivery to citizen; Financial Sector; economic diversification; partnership framework

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Citation

Sierra Leone - Country Partnership Framework for the Period FY21 - FY26 (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/851731590804122431/Sierra-Leone-Country-Partnership-Framework-for-the-Period-FY21-FY26