Two New World Bank Reports Offer Roadmap for Sierra Leone's Sustainable Growth Amid Climate Threats
Sierra Leone, June 16 -- The World Bank launched the Sierra Leone Country Economic Memorandum (CEM) and the Country Climate and Development Report (CCDR), two core analytical reports that provide essential insights into the country's economic and climate challenges, offering strategic pathways for sustainable growth and resiliencee. The CEM analyzes Sierra Leone's economic landscape, noting persistent poverty and lower GDP per capita growth compared to similar low-income countries despite the country's rich resources. Key challenges to growth include macroeconomic instability, driven by lax fiscal and monetary policies, weak institutions, and poor governance, with fiscal deficits often exceeding targets due to spending overruns and weak ove...
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