Sierra Leone : PIM in a Donor-Dependent Post-Conflict Economy
Sierra Leone is a small, fragile, post-conflict state on the coast of West Africa. As a consequence, Sierra Leone was one of the largest beneficiaries of foreign aid as a share of gross domestic product (GDP) and aid per capita. Projects focusing o...
| Main Authors: | , , |
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| Format: | Public Investment Review |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2012/01/23068844/sierra-leone-pim-donor-dependent-post-conflict-economy http://hdl.handle.net/10986/21047 |
| Summary: | Sierra Leone is a small, fragile,
post-conflict state on the coast of West Africa. As a
consequence, Sierra Leone was one of the largest
beneficiaries of foreign aid as a share of gross domestic
product (GDP) and aid per capita. Projects focusing on
reconstruction of basic infrastructure and on
capacity-building for reestablishment of core government
functions featured prominently in the government's
development budget. The post-conflict infrastructure gap was
quite large. As peace was consolidated, the level of
external assistance has gradually declined from 15.5 percent
of GDP in 2002 to 5.2 percent of GDP in 2008 as donors
phased out their post-conflict allocations and the nation s
GDP expanded rapidly. Looking ahead, the government seeks to
restore a high rate of real growth and poverty reduction
through increased public and private investment. The
government does not operate a capital investment budget;
rather it maintains a development budget that seeks to
record most externally financed projects, government
contributions to those projects, and expenditures on the
government's own projects. This case study is based on
work done for the 2009-10 public expenditure review. |
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