Sierra Leone Economic Update 2022

  • The new economic update for Sierra Leone says the economy grew by 3.1 % in 2021, after shrinking by 2.0 % in 2020. Agriculture contributed nearly half of the total growth during 2021.
  • The analysis offers several recommendations including the need to develop a coordinated national approach to expanding access to finance for SMEs.
  • The report also provides several reform priorities for government consideration, including prudent fiscal management to strike a balance between the emerging expenditure needs and limited fiscal space.

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