SL First Inclusive and Sustainable Growth DPO

closed

The development objectives of the First Inclusive and Sustainable Growth Development Policy Operation in Sierra Leone are to: (i) improve natural resources governance; (ii) enhance inclusiveness; and (iii) improve the sustainability of development financing. In the short term, this operation will help the Government close the financing gap created by the pandemic. In the medium term, it will support post-COVID recovery and buttress potential growth by leveraging the government’s reform agenda (which was put on hold temporarily during the pandemic). The first two pillars of the operation focus on better governance of the land and mining sectors (pillar 1); and boosting inclusive growth through reforms to promote economic participation and empowerment of the most vulnerable groups of the population (pillar 2). The third pillar seeks to ensure sustainable development financing through reforms to improve debt management and transparency, and fiscal sustainability. The three pillars are complementary because higher growth alleviates debt pressures and better debt management and transparency enhances fiscal sustainability and creates fiscal space for inclusive growth reforms.