Publication:
Sierra Leone Economic Update: Unlocking the Potential of the Power Sector in Sierra Leone Breaking the Crisis Cycle

Simple item page
dc.contributor.authorWorld Bank
dc.date.accessioned2024-10-31T15:00:24Z
dc.date.available2024-10-31T15:00:24Z
dc.date.issued2024-10-31
dc.description.abstractSierra Leone’s economic growth in 2023 surprised on the upside, reaching 5.7 percent, but the economy is projected to slow in 2024. While repeated spending overruns have cast doubt on fiscal sustainability, the energy sector poses a significant fiscal risk. There is an urgent need to improve Electricity Distribution and Supply Authority (EDSA) operational and commercial performance and transition away from expensive liquid fuel-based power generation to reduce the negative fiscal impact. The reserves position has deteriorated despite improvements in the current account. The financial sector in Sierra Leone appears stable but is characterized by a significant sovereign-bank nexus. Growth in Sierra Leone is projected to average 4.7 percent in the medium term, supported by mining, agriculture and a recovery in services. Inflation is expected to ease but remain in double digits as global prices moderate and the Leone shows relative strength. Based on the discussion with various stakeholders and the current sector crisis, an Action Plan 2030 is proposed with an aim to make the sector financially sustainable.en
dc.identifierhttp://documents.worldbank.org/curated/en/099100324123067416/P181231164e1cb0181873e13cd75a0cf6fa
dc.identifier.doi10.1596/42341
dc.identifier.urihttps://hdl.handle.net/10986/42341
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectINFORMATION AND COMMUNICATIONS TECHNOLOGIES
dc.subjectPOWER AND ELECTRICITY SECTOR
dc.subjectICT AND ENERGY
dc.subjectAFFORDABLE AND CLEAN ENERGY
dc.subjectSDG 7
dc.titleSierra Leone Economic Updateen
dc.title.subtitleUnlocking the Potential of the Power Sector in Sierra Leone Breaking the Crisis Cycleen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleSierra Leone Economic Update: Unlocking the Potential of the Power Sector in Sierra Leone Breaking the Crisis Cycle
okr.date.disclosure2024-10-31
okr.date.lastmodified2024-10-14T00:00:00Zen
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099100324123067416/P181231164e1cb0181873e13cd75a0cf6fa
okr.guid099100324123067416
okr.identifier.docmidP181231-64e1cb85-d243-4318-873e-3cd75a0cf6fa
okr.identifier.doihttps://doi.org/10.1596/42341
okr.identifier.externaldocumentum34402347
okr.identifier.internaldocumentum34402347
okr.identifier.report193883
okr.import.id5633
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099100324123067416/pdf/P181231164e1cb0181873e13cd75a0cf6fa.pdfen
okr.region.administrativeAfrica Western and Central (AFW)
okr.region.countrySierra Leone
okr.topicEnergy::Electric Power
okr.topicEnergy::Energy Technology & Transmission
okr.topicEnergy::Fuels
okr.unitEFI-AFR2-MTI-MacroFiscal-2 (EAWM2)
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
P181231164e1cb0181873e13cd75a0cf6fa.pdf
Size:
3.76 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
P181231164e1cb0181873e13cd75a0cf6fa.txt
Size:
285.65 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Economic Updates and Modeling