Sierra Leone Private Investment and Financial Sector Development PDF Download

Author: Dr Ezekiel K. Duramany-Lakkoh
Publisher: iUniverse
ISBN: 1663201013
Category : Business & Economics
Languages : en
Pages : 73

View

Book Description
This book provides a detailed overview and analysis of key macroeconomics variables in Sierra Leone from 1980 to 2015. Like Sierra Leone and Ghana, many nations depend primarily on taxation as a means of galvanizing the required resources needed to meet public expenditure requirements. As a result, it is critical to study how fiscal variables change and how private investment can improve life for everyone. Dr. Ezekiel K. Duramany-Lakkoh, dean of the faculty at University of Sierra Leone, explores Sierra Leone’s fiscal policy and how it’s changed over time in this academic work. Topics include: • economic growth beginning in 2010; • social and economic reform programs; • monetary policy and its effect on inflation; • external and domestic debt management. The author also highlights how government spending has influenced private investment at home and abroad—as well as how a re-established political order has contributed to impressive growth. Whether you do business in Sierra Leone, want to do business there, have a connection to the country, or are a citizen or native, you’ll find valuable insights in this book.

Author: Dr Ezekiel K Duramany-Lakkoh
Publisher:
ISBN: 9781663201003
Category :
Languages : en
Pages : 106

View

Book Description
This book provides a detailed overview and analysis of key macroeconomics variables in Sierra Leone from 1980 to 2015. Like Sierra Leone and Ghana, many nations depend primarily on taxation as a means of galvanizing the required resources needed to meet public expenditure requirements. As a result, it is critical to study how fiscal variables change and how private investment can improve life for everyone. Dr. Ezekiel K. Duramany-Lakkoh, dean of the faculty at University of Sierra Leone, explores Sierra Leone's fiscal policy and how it's changed over time in this academic work. Topics include: - economic growth beginning in 2010; - social and economic reform programs; - monetary policy and its effect on inflation; - external and domestic debt management. The author also highlights how government spending has influenced private investment at home and abroad-as well as how a re-established political order has contributed to impressive growth. Whether you do business in Sierra Leone, want to do business there, have a connection to the country, or are a citizen or native, you'll find valuable insights in this book.

Author: Emmanuel S. E. Leigh
Publisher: Xlibris Corporation
ISBN: 1796012815
Category : Music
Languages : en
Pages : 440

View

Book Description
Sierra Leone exhibits the typical features of a developing country in the African economy with high ratio of foreign trade to gross domestic product (GDP), low level of urbanization and high level of monetization. The financial structure is narrow, with the central bank being the forefront of regulation; the commercial banks and other financial institutions being the key players. After independence the government pursued wide range of planning and development strategies with industrialization at the helm. With a shift in focus to implement rapid rate of economic development, monetary and financial institutions were designed to assume the responsibility of mobilizing domestic resources as capital for development. Therefore, the West African Currency Board (WACB) was found inappropriate in the changed environment and was thus replaced by the Bank of Sierra Leone. The Bank of Sierra Leone (Central Bank) was established to serve as an agency that would build up reputable standards of financial management and integrity. In this instant, the Bank formulated and implemented monetary and supervisory policies to foster sound financial environment. The Bank therefore continues to pursue tight monetary policy position consistent with positive economic growth. The Government has highlighted the importance of the financial sector to realize that long-term goal for 2035, and has designed a Financial Sector Development Plan as a framework for creating a sound and well-functioning financial system to support the Government's overall growth objectives and poverty reduction strategies. The book was written in perspective, to capture the attention of scholars and financial authorities in the country. Facts have been documented and perceptions taken from real life-experiences in some of the institutions mentioned in the text. For those scholars and researchers aiming to gain knowledge of financial structures in Sierra Leone, the book can lead them to major topics which should stimulate further studies.

Author: Ezekiel K Duramany-Lakkoh
Publisher:
ISBN:
Category :
Languages : en
Pages : 168

View

Book Description
This book covers an empirical analysis and interpretation of key macroeconomic variables in Sierra Leone. This study investigates fiscal policy impact on private investment and financial sector development in Sierra Leone between 1980 and 2015. Sierra Leone has depended primarily on taxation as a means of mobilising the resources needed to meet public expenditure. It is therefore very important to study how fiscal variables affect private investment, which is the primary to private sector and national development. This book can help readers to understand direct and indirect relationships between economic variables, and also help policy makers to analyses some of the challenges fiscal policies can pose in public sector financial management.

Author: International Finance Corporation
Publisher:
ISBN:
Category :
Languages : en
Pages :

View

Book Description
Sierra Leone's devastating 11-year civil war destroyed much of its infrastructure, and left its economy in tatters. In 2004, two years after the end of the war, Sierra Leone asked the investment climate (IC) advisory services of the World Bank Group to help create a better business and investment climate that will lay a foundation for the country's future economic growth. Answering the call, the World Bank Group's IC advisory services partnered with the United Kingdom's (UK's) Department for International Development (DFID) to design a program to help Sierra Leone improve its business climate, encourage job creation, and spur investment. The result of this partnership was the removing administrative barriers to investment (RABI) program, which ran from 2004 to 2010. RABI pioneered a collaborative approach by working closely with the government, local institutions, and the private sector to implement a comprehensive, integrated agenda that focused on reforms in the following four areas: reducing barriers to businesses operating in the formal sector by simplifying new business registration.; streamlining tax administration, reforming tax policy, and supporting the national revenue authority to simplify taxes; creating a platform for effective and constructive dialogue between the government and the private sector in focal areas such as financial sector reform, access to land, and overall improvements in the investment climate, and supporting reform in those areas; and building and developing an effective investment and trade facilitation structure and promoting Sierra Leone as a vibrant and desirable location for business, especially in the tourism and agribusiness sectors. The RABI program was innovative and responsive, conducting rapid diagnostics, proposing integrated solutions, and moving quickly into implementation with support staff on the ground. The program was also one of the first of its kind to operate in a conflict-affected country, which demand specialized and targeted support solutions.

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1455203351
Category : Business & Economics
Languages : en
Pages : 68

View

Book Description
The government of Sierra Leone is requesting a successor three-year Extended Credit Facility (ECF) arrangement to support their program to raise economic growth by increasing investment in infrastructure and developing an accessible financial sector. Fiscal policy in 2010 focuses on improving revenue collection to support capital spending while containing pressures on current expenditures. The global economic downturn slowed economic activity in 2009, but achieving single digit inflation remains a challenge. Fiscal policy performance during 2009 was broadly satisfactory. Monetary policy was expansionary toward the end of 2009.

Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1498324967
Category : Social Science
Languages : en
Pages : 216

View

Book Description
The Government of Sierra Leone’s new Medium-term National Development Plan (MTNDP) 2019–2023 has been founded on a strong political commitment to deliver devel-opment results that would improve the welfare of Sierra Leone’s citizens. The plan charts a clear path towards 2023 en route to the goal of achieving middle-income status by 2039 through inclusive growth that is sustainable and leaves no one behind. For the next five years, the Free Quality School Education Programme is the government’s flagship programme to provide a solid base to enhance human capital development and to facilitate the transformation of the economy.

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1455212938
Category : Business & Economics
Languages : en
Pages : 87

View

Book Description
After a period of economic slowdown, the outlook for Sierra Leone appears more favorable. Development priorities and their financing while maintaining a competitive economy and a sustainable debt outlook will help. Structural reforms will focus on improving tax administration, strengthening public financial management, and deepening the financial sector. A key constraint to economic growth in the medium term is the lack of basic infrastructure. Executive Directors support the request to modify the target on net domestic bank credit to the government.

Author:
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 85

View

Book Description

Author: Diery Seck
Publisher: Springer
ISBN: 3319051881
Category : Business & Economics
Languages : en
Pages : 238

View

Book Description
This book examines key determinants of private sector development in West Africa, putting special emphasis on government’s cardinal role in fostering and supporting entrepreneurship. Favorable macroeconomic conditions are identified and it is shown that adequate policies that contribute to economic diversification and industrialization are likely to expand the investment base of the economy. The book also examines new business concepts and regional integration initiatives meant to enhance West Africa’s private sector and analyzes the role of finance in promoting development of private firms and the extent to which corruption impedes economic growth. All chapters are highly relevant to West Africa’s current policy challenges and therefore inform the region’s ongoing policy formulation. The empirical evidence supporting the policy recommendations is based on both qualitative field observations and advanced quantitative estimation techniques.