Sierra Leone : Investment Climate Policy Note

Sierra Leone : Investment Climate Policy Note

This Investment Climate Policy Note (ICPN) for Sierra Leone evaluates the country's business environment by: (i) analyzing barriers to private sector investment and growth and how they vary among different types of firms; (ii) benchmarking Sie...

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Bibliographic Details
Main Author:	World Bank
Format:	Policy Note
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCEPTABLE COLLATERAL ACCESS TO CAPITAL ACCESS TO CREDIT ACCESS TO EDUCATION ACCESS TO FINANCE ACCOUNTING ADMINISTRATIVE BARRIERS ADVISORY SERVICES APPLICATION PROCEDURES BANK CREDIT BANK DEPOSITS BANKING SECTOR BANKS BRIBE BRIBES BRIBING BUSINESS ASSOCIATION BUSINESS ENTRY BUSINESS ENVIRONMENT BUSINESS ESTABLISHMENTS BUSINESS OPERATIONS BUSINESS PEOPLE BUSINESS REGISTRATION CAPITAL FINANCE CAPITAL FORMATION CAPITAL STOCK COLLATERAL COLLATERAL REQUIREMENTS COMMODITY COMMODITY PRICES COMPETITIVE MARKET COMPETITIVENESS COMPETITORS COMPLIANCE COSTS CORPORATION CORRUPTION CPI CREDIT GUARANTEE CREDIT INFORMATION CREDITOR CREDITOR RIGHTS CREDITWORTHINESS CURRENCY CUSTOMS DEVELOPING COUNTRIES DISTRIBUTION NETWORK DIVERSIFICATION E-MAIL ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC CRISIS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIES OF SCALE EDUCATION LEVEL EDUCATION LEVELS ELECTRICITY ELECTRICITY GENERATION EMPLOYMENT EMPLOYMENT GROWTH ENFORCEMENT OF CONTRACTS ENTERPRISE SURVEY ENTERPRISE SURVEYS ENTREPRENEURSHIP EQUIPMENT EXCHANGE RATE EXCHANGE RATE MOVEMENTS EXPANSION EXPLOITATION EXPORT GROWTH EXPORTER EXPORTERS FINANCIAL INFORMATION FINANCIAL SERVICE FINANCIAL SERVICES FINANCIAL STATEMENTS FIRM PERFORMANCE FIRM SIZE FIRM SIZES FIRMS FISCAL POLICY FISHERIES FISHING FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN FIRMS FOREIGN INVESTMENT FORMAL ECONOMY GENERAL POPULATION GOVERNMENT CONTRACT GOVERNMENT CONTRACTS GOVERNMENT POLICIES GROSS DOMESTIC PRODUCT GUARANTEE SCHEME HIGH INTEREST RATES HUMAN DEVELOPMENT ICT IMPACT ASSESSMENTS INCOME TAX INFLATION INFLATION RATES INFLATIONARY PRESSURES INFORMAL ECONOMIC ACTIVITY INFORMATION ASYMMETRIES INFORMATION INFRASTRUCTURE INNOVATION INTEREST RATES INTERMEDIATE INPUTS INTERNAL FUNDS INTERNATIONAL COMPARISON INTERNATIONAL COMPARISONS INTERNATIONAL DEVELOPMENT INTERNATIONAL STANDARDS INTERNATIONALIZATION INVESTING INVESTMENT CLIMATE JOB CREATION JUDICIAL SYSTEM LABOR COSTS LABOR FORCE LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LACK OF COMPETITION LACK OF INFORMATION LAND MARKETS LAND REFORMS LEASING LICENSE LICENSES LICENSING LIMITED LIABILITY LIMITED LIABILITY CORPORATION LINE OF CREDIT LINES OF CREDIT LLC LOAN LOAN APPLICATION LOAN APPLICATIONS LOCAL CURRENCY MACROECONOMIC ENVIRONMENT MACROECONOMIC INSTABILITY MACROECONOMIC POLICIES MACROECONOMIC STABILITY MANUFACTURER MANUFACTURERS MANUFACTURING MANUFACTURING ENTERPRISES MARGINAL TAX RATES MEDIUM ENTERPRISES MINES MOVABLE PROPERTY NATURAL RESOURCE NATURAL RESOURCES NEW BUSINESS OIL OIL PRICES OUTREACH OVERDRAFT OVERDRAFT FACILITIES PARTIAL CREDIT PERFORMANCE INDICATORS POLITICAL ECONOMY POLITICAL STABILITY PRIVATE INVESTMENT PRIVATE PARTNERSHIPS PRIVATE SECTOR PRIVATE SECTOR CREDIT PRIVATE SECTOR DEVELOPMENT PRIVATE SECTOR INVESTMENT PRODUCERS PROPERTY AS COLLATERAL PROPRIETORSHIPS PUBLIC FINANCES PURCHASING POWER PURCHASING POWER PARITY REAL EXCHANGE RATE RECEIPTS RECESSION RELIABILITY RESULT RESULTS RETAINED EARNINGS RETURN RULE OF LAW SALE OF GOODS SALES GROWTH SAVINGS SAVINGS ACCOUNT SAVINGS ACCOUNTS SCALE ENTERPRISES SIZE OF FIRMS SMALL BUSINESSES SMALL FIRM SMALL FIRMS SOURCES OF FINANCE STANDARD FORMAT STORAGE FACILITIES SUPPLIER TAX TAX BURDEN TAX COLLECTION TAX EXEMPTIONS TAX LEGISLATION TAX POLICIES TAX POLICY TAX RATE TAX RATES TAX REGIME TAX SYSTEM TAXATION TELEPHONE TELEPHONE CONNECTION TELEPHONE CONNECTIONS TRADING TRANSACTION TRANSACTION COSTS TRANSACTIONS COSTS TRANSMISSION TRANSPARENCY UNION URBAN AREAS USERS USES VALUE CHAIN VALUE OF COLLATERAL WAGES WORKING CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/2009/06/16283977/sierra-leone-investment-climate-policy-note http://hdl.handle.net/10986/18888

Description
Summary:	This Investment Climate Policy Note (ICPN) for Sierra Leone evaluates the country's business environment by: (i) analyzing barriers to private sector investment and growth and how they vary among different types of firms; (ii) benchmarking Sierra Leone's investment climate and firm performance to that of other countries; and (iii) providing recommendations to promote and strengthen the private sector. The ICPN is supported by the statistical analysis of a 2009 enterprise survey of 150 formal, manufacturing and service firms with five or more employees based in Western Area/Freetown and Kenema, two of Sierra Leone's major urban centers. The ICPN is organized as follows. Chapter one provides context for Sierra Leone's business environment. Chapter two discusses the performance of Sierra Leone firms, with a focus on labor productivity. Chapter three examines how investment climate constraints cost businesses money and time, discusses main bottlenecks to conducting business as identified by managers of Sierra Leone firms, and reviews obstacles related to electricity supply, tax rates, informality, corruption and access to land. Chapter four analyzes data on how firms access and use finance, and chapter five discusses exports and internationalization in Sierra Leone. Chapter six concludes and provides policy options to improve the investment climate.