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Sierra Leone - Fiscal Consolidation Support Programme FCSP

24-Apr-2019

Management hereby submits the following report and recommendations concerning the award of a grant of UA 15.00 million from the Transition Support Facility (TSF) Pillar I resources to finance the Fiscal Consolidation Support Programme (FCSP) in Sierra Leone. Sierra Leone meets the TSF eligibility requirements due to its fragility situation3 . FSCP is a programmatic budget support series spanning two years (2019-2020) aiming at the consolidation of the country’s fiscal stance to carry out reforms for strengthening budgeting processes efficiency and transparency; and promoting girl’s education. The Programme is consistent with the Bank's policy on budget support operations as Sierra Leone fulfils the prerequisite for budget support as demonstrated in the Technical Annex I. This report is submitted subject to the effective implementation of prior actions in line with the donorsupported Economic and Financial Programme of the Government of the Republic of Sierra Leone.

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