Sierra Leone

Sierra Leone

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This paper explains Sierra Leonea€™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 Leonea€™s external debt sustainability could be jeopardized by adverse shocks and financing on nonconcessional terms.(In percent unless otherwise indicated) Sources: Sierra Leonean authorities; and Bank-Fund staff estimates and ... 2/ Refers to public and publicly guaranteed external debt only and assumes a stock-of-debt operation on Naples terms (67 percent NPV reduction) as of end of 2005, and at least ... 3/ Exports of goods and non-factor services as defined in IMF, Balance of Payments Manual , 5th edition, 1993.

Title:Sierra Leone
Author:International Monetary Fund
Publisher:International Monetary Fund - 2007-01-24


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