Sierra Leone; Enhanced Heavily Indebted Poor Countries Initiative: Completion Point Document and Multilateral Debt Relief Initiative

This paper explains Sierra Leoneâ€™s completion point under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC) and debt relief under the Multilateral Debt Relief Initiative (MDRI). With enhanced HIPC and MDRI assistance, Sierra Leone will achieve a debt profile below the HIPC threshold. Assurances have been obtained regarding participation in the enhanced HIPC Initiative from creditors representing more than 81 percent of the relief to be provided. The sensitivity analysis shows that Sierra Leoneâ€™s external debt sustainability could be jeopardized by adverse shocks and financing on nonconcessional terms.

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Year of publication:	2007-01-24
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Economic indicators \| Debt sustainability analysis \| HIPC Initiative \| Multilateral debt relief initiative \| debt service \| debt relief \| external debt \| debt sustainability \| commercial creditors \| debt ? service \| current account \| debt stock \| public debt \| debt management \| debt outstanding \| public and publicly guaranteed \| multilateral debt \| stock of debt \| external borrowing \| debt relief initiative \| multilateral debt relief \| multilateral creditors \| debt service ? to ? exports \| public expenditure \| debt service payments \| public sector debt \| domestic debt \| debt service relief \| bilateral debt \| relief mechanisms \| traditional debt relief \| balance of payments \| debt reduction \| budget support \| debt burden \| bilateral creditors \| debt rescheduling \| stock ? of ? debt \| external debt indicators \| external debt sustainability \| public expenditures \| external debt service \| debt relief mechanisms \| annual budget \| primary deficit \| current account deficit \| debt database \| fiscal balance \| public and publicly guaranteed debt \| net present value of debt \| traditional debt ? relief \| current account balance \| traditional debt ? relief mechanisms \| long ? term debt \| fiscal adjustment \| debt service reduction \| principal repayment \| fiscal debt \| amount of debt \| debt ? relief \| debt ? relief mechanisms \| debt servicing capacity \| domestic financing \| fiscal consolidation \| external debt burden \| debt management policies \| debt ratio \| fiscal deficit \| official creditors \| debt servicing \| external debts \| external shocks \| debt ? service relief \| external debt database \| external debt management \| public debt management \| debt data \| government revenue \| debt ? service reduction \| debt dynamics \| budget process \| annual budgets \| domestic debt stock \| debt structure \| debt service to export \| traditional debt relief mechanisms \| domestic absorption \| external financing \| fiscal assumptions \| short ? term debt \| fiscal policy \| debt discount \| fiscal tightening \| nominal stock of debt \| external obligations \| debt service to exports \| debt reporting \| tax base \| capital expenditure \| fiscal performance \| domestic borrowing \| debt management capacity \| bilateral agreements \| ppg debt \| domestic savings \| net debt \| budget system \| public sector borrowing \| relief mechanism \| prudent fiscal policies \| prudent fiscal policy \| budget management \| debt market \| external payments \| fiscal policies \| fiscal program \| fiscal framework \| external debt situation \| debt strategy \| domestic currency \| debt service obligations \| debt policy \| central government budget \| debt statistics \| debt management unit \| external payments arrears \| private sector debt \| high spending \| traditional debt relief mechanism \| debt decomposition \| expansionary fiscal \| debt ? management \| revenue collection \| external public debt \| budget preparation process \| fiscal sustainability \| currency debt \| debt relief mechanism \| debt service projections \| total debt stock \| domestic debt market \| primary fiscal balance \| tax administration \| government budget \| debt ? management system \| central bank \| public external debt \| debt ? monitoring \| government debt \| debt situation

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 07/23 7 pages long
Source:	RePEc - Research Papers in Economics

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