Appraisal Program Information Document (PID) - SL Inclusive and Sustainable Growth Financing - P175342 (English)

The authorities have resumed the implementation of the reform package under the IMF-supported ECF program, with efforts on revenue and expenditures. [...] As part of the initiative, the authorities created a COVID-19 account and committed to regular monitoring and reporting on the use of the funds in this account. [...] C. Proposed Development Objective(s) The development objective of the proposed operation is to support the Government's efforts to build the foundations for a robust and inclusive economic recovery from the pandemic and promote sustainable development financing of the Budget. [...] The first pillar of the proposed operation focuses on boosting inclusive growth through reforms to promote economic participation and empowerment of the most vulnerable groups of the population, financial inclusion, and better governance of the land and mining sectors. [...] These reforms are well-anchored in the 2018 Republic of Sierra Leone Systematic Country Diagnostic (SCD) and are aligned with the SCD’s four pathways: (i) strengthening the productivity of the agricultural base; (ii) diversifying the economy and creating poverty-alleviating jobs; (iii) strengthening the management of mineral resources; and (iv) increasing human capital for new opportunities; and t