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Document of The World Bank
FOR OFFICIAL USE ONLY
Report No. 45948-SL
INTERNATIONAL DEVELOPMENT ASSOCIATION
COUNTRY ASSISTANCE STRATEGY PROGRESS REPORT
FOR THE REPUBLIC OF SIERRA LEONE
FOR THE PERIOD FY 2006-2009
November 5,2008
West Africa I Country Management Unit Africa Region
This document has a restricted distribution and may be used by recipients only in the performance o f their official duties. I t s contents may not otherwise be disclosed without World Bank authorization.
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AAA ACGF AfDB AMUCFT
APC APEIE
BB BECE
BHP BSL CAS CEMPA
CFAA
CG CHYAO
CPAR
CPIA
CPR
cso CSR DANIDA
DfID
DPG DPO DOTS
DTIS
ECOWAS
EFA FTI
SIERRA LEONE - FISCAL YEAR January 1 - December 31
CURRENCY EQUIVALENTS (Exchange Rate as of October, 2008)
Currency Unit = Sierra Leonean Leones (SLL) US$l.OO = S L L 2,945
Weights and Measures Metric System
ABBREVIATION AND ACRONYMS
Analytic & Advisory Activities Africa Catalytic Growth Fund African Development Bank Anti-Money Laundering & Combating the Financing of Terrorism All People’s Congress Africa Program for Education Impact Evaluation Bank Budget Basic Education Certificate Examination Bumbuna Hydroelectric Project Bank of Sierra Leone Country Assistance Strategy Country Economic Memorandud Poverty Assessment Country Financial and Accountability Assessment Consultative Group Child & Youth in Africa Trust Fund Country Procurement Assessment Review Country Policy and Institutional Assessment Country Portfolio Performance Review Civil Society Organization Country Status Report Danish International Development Agency Department for International Development Development Policy Grant Development Policy Operation Directly Observed Treatment Short course Diagnostic Trade Integration Study Economic Community of West African States Education for Al l Fast Track Initiative
ENCISS
ERRG
ESMAP
ES W EU FDI FIAS
FM FSAP
FTI FY GDP GEF GER GoSL GRGG
GTZ/KFW
HIPC HSRDP
IBRD
ICA IDA
IDP IDF IFC IFMIS
IMF IPAM
Enhancing Interaction and Interface between Civil Society and the State to Improve Poor People’s Lives Economic Rehabilitation and Recovery Grant Energy Sector Management Assistance Program Economic Sector Work European Union Foreign Direct Investment Foreign Investment Advisory Services Financial Management Financial Sector Assessment Program Fast Track Initiative Fiscal Year Gross Domestic Product Global Environment Facility Gross Enrollment Ratio Government of Sierra Leone Governance Reform & Growth Grant German Agency for Development CooperatiodKreditanstalt fur Wiederaufbau Heavily Indebted Poor Countries Health Sector Reconstruction and Development Project International Bank for Reconstruction and Development Investment Climate Assessment International Development Association Infrastructure Development Project Institutional Development Fund International Finance Corporation Integrated Financial Management System International Monetary Fund Institute of Public Administration & Management
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FOR OFFICIAL USE ONLY
I P W
IRCBP
ITN JICA
JSS JSDF LC LG LGA M&E MDAs
MDBS MDGs MDRI MDTF MICS MIGA
MMR MOA MOFED
MOU MTEF
NaCSA
NCP
NER NPA NPPA
NPV NSAP PAD PCR PEFA
PEP Africa
PER PETS
Independent Procurement Review Panel Institutional Reform and Capacity Building Project Insecticide Treated Net Japan International Cooperation Agency Junior Secondary School Japan Social Development Fund Local Council Local Government Local Government Act Monitoring & Evaluation Ministries, Departments and Agencies Multi-donor Budgetary Support Millennium Development Goals Multi Debt Relief Initiative Multi-Donor Trust Fund Multiple Indicator Cluster Survey Multilateral Investment Guarantee Agency Ministry of Mineral Resources Memorandum of Agreement Ministry of Finance and Economic Development Memorandum of Understanding Medium-Term Expenditure Framework National Commission for Social Action National Commission for Privatization Net Enrolment Ratio National Power Authority National Public Procurement Authority Net Present Value National Social Action Project Project Appraisal Document Primary Completion Rate Public Expenditure and Financial Accountability Private Enterprise Partnership for Africa Public Expenditure Review Public Expenditure Tracking Study
PFM PHU PIC PPIAF
PPP PRGF
PRSP PSD RCHP
REBEP
ROSC
SASP
SES SHARP
S I L SIP S L SLIHS
SLP SLPRSP
SLRA TA TB UK UN UNDP
UNFPA UNHCR
UNICEF USAID
VSAT WBI WFP WHO
Public Financial Management Public Health Unit Public Information Center Public-Private Infrastructure Advisory Facility Public Private Partnership Poverty Reduction and Growth Facility Poverty Reduction Strategy Paper Private Sector Development Reproductive and Child Health Project Rehabilitation and Basic Education Project Report on the Observance of Standards and Codes Seeds and Agriculture Services Project Senior Executive Service Sierra Leone HIV/AIDS Response Project Specific Investment Loan Small Investment Program Sierra Leone Sierra Leone Integrated Household Survey Sierra Leone Police Sierra Leone Poverty Reduction Strategy Paper Sierra Leone Roads Authority Technical Assistance Tuberculosis Bacillus United Kingdom United Nations United Nations Development Program United Nations Population Fund United Nations High Commission for Refugee United Nations Children Fund United States Agency for International Development Very Small Aperture Terminal World Bank Institute World Food Programme World Health Organization
Vice President: Obiageli K. Ezekwesili Country Director: Ishac Diwan Country Manager: Engilbert Gudmundsson Task Team Leader: Christonher Juan Costain
This document has a restricted distribution and may be used by recipients only in the performance o f their off icial duties. I t s contents may not be otherwise disclosed without Wor ld Bank authorization.
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COUNTRY ASSISTANCE STRATEGY PROGRESS REPORT FOR SIERRA LEONE
TABLE OF CONTENTS
I . Introduction .................................................................................................................... 4 I1 . Country Context ............................................................................................................ 5
A . Recent Developments ........................................................................................... 5 I11 . Progress towards implementing the CAS .................................................................... 7
A . Introduction ........................................................................................................... 7 B . Progress towards CAS Outcomes ......................................................................... 7 C . IDA Program ....................................................................................................... 10
I V . The Way Fonvard ...................................................................................................... 15 A . The final year of the CAS ................................................................................... 15 B . Managing Risks ................................................................................................... 16
Standard CAS Annexes
Annex A2: Country at a Glance ....................................................................................... 18 Annex B2: Summary of Portfolio Performance ............................................................... 21 Annex B3: IBRD/IDA Program Summary ...................................................................... 22 Annex B3: IFC/ MIGA Program Summary ..................................................................... 23 Annex B4: Summary of Non- lending Services .............................................................. 24 Annex B8: Operations Portfolio (IBRD - IDA and Grants) ............................................ 25
Appendices
Appendix I : Results Matrix . Sierra Leone FY2006-09 CAS ......................................... 26 Appendix II : Revised Results Matrix . Sierra Leone FY2006-09 CAS ......................... 43
Table 1: Selected Economic Indicators. Projections and Outcomes .................................. 6 Table 2: Planned CAS vs Approved Lending activities. FY06-FY09 ............................. 11 Table 3: IDA Financing Active portfolio (as of August 2008) ........................................ 12 Table 4: Country Executed Trust Fund Financed Activities (as of end FY08) ................ 13
Table 6: Indicative Lending Program. FY09 ................................................................... 16 Table 5: Non-Lending activities. FY06-FY08 ................................................................. 14
Map of Sierra Leone ......................................................................................................... 50
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I. INTRODUCTION
1. The Board o f Executive Directors discussed the FY06-09 Country Assistance Strategy (CAS) for Sierra Leone on M a y 5, 2005 (Report No. 31793-SL). At that time, Sierra Leone was seen to have made a remarkably successful transition f rom the end o f the conflict in 2002; peace and security had been established throughout the country, the armed forces and police had been rebuilt, school enrolment had increased, chi ld immunization rates dramatically improved and macroeconomic stability established with good economic growth.
2. The Wor ld Bank’s CAS, in support o f the country’s PRSP, was intended to mark the transition from a post-conflict environment to a new framework for development. Many objectives o f the 2005 CAS have been secured or are on the path to being accomplished; relative macroeconomic stability has been achieved as defined by improved growth, low inflation and a relatively stable exchange rate. Estimation o f poverty levels suggest the population l iv ing in poverty has decreased f rom around 67 percent in 2003 to between 57 and 62 percent in 2007. Tangible progress has been achieved in decentralization, public financial management, finance and private sector reform and infrastructure (notably power and roads).
3. Despite progress Sierra Leone’s recovery remains fragile and the country continues to rank amongst the least advantaged o f countries in various measures. For example, Sierra Leone was 177th out o f 177 countries in the 2007/2008 UNDP Human Development Index rankings, wi th particularly high number o f infant, chi ld and maternal deaths. Much remains to be done to improve governance and accountability, tackle high levels o f unemployment and poor infrastructure (energy and roads) which i s holding back development across al l sectors. Inequality remains a concern. Women and girls and young people o f both sexes continue to be socially excluded. Most recently, sharp increases in food prices have exacerbated incidences o f poverty, particularly amongst the young urban and peri-urban populations. Unless economic growth can be sustained and employment opportunities increased there are clear dangers that progress made so far w i l l be undermined.
4. While the objectives o f the FY2006-09 CAS remain relevant and aligned with the Government’s development strategy, the lending program has been adjusted due to lower than anticipated IDA resources. Furthermore core challenges such as l imited capacity within the Government and the consequent reduced effectiveness o f development assistance programs, particularly those requiring an extended change o f policy coordination and inter-sectoral harmonization - w i l l take some time to resolve. The peaceful transition o f Government in a post-conflict environment i s not to be underestimated in terms o f promise for long-term political and social stability.
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11. COUNTRY CONTEXT
A. Recent Developments
5. Political Developments. On September 17, 2007 Ernest Bai Koroma of the Al l Peoples Congress Party (APC) won the elections to become President of Sierra Leone, defeating the candidate o f the incumbent Sierra Leone Peoples Party (SLPP) in a second round ballot. There was broad consensus among international observers that the elections were free, fair and credible. Local council elections took place peacefully on July 5,2008. Civilian rule, has always been either under APC or SLPP, with the APC ruling for a 25 year period from 1967 to 1992 and the SLPP ruling from 1961-1967 and from 1996-2007. These periods of civilian rule were interspersed with various military regimes which held power for a total of 11 years. Recent political events provide good reason for optimism that a pluralistic democratic system i s now well established.
6. Economic Developments. Sierra Leone’s strong recovery, which began in 2000, continued for an eighth unbroken year into 2007 when real Gross Domestic Product (GDP) grew by an estimated 6.8 percent based on solid agricultural and mining production and buoyant construction and service sectors. However, i t i s anticipated that the momentum of post-conflict recovery may begin to dissipate. Consumer price inflation reverted to double digits, increasing to 13.8 percent year-on-year in December 2007, driven by higher food and petroleum prices.
7. Sierra Leone has maintained macroeconomic stability, aided by fiscal discipline and average aid inflows equivalent to 12 percent of Gross Domestic Product (GDP), but the macroeconomic situation remains fragile due to weak domestic revenue mobilization and vulnerability to exogenous shocks, particularly from volatile aid flows and external price shocks such as those for food and fuel. The second review of the IMF Poverty Reduction and Growth Facility (PRGF) had to be postponed due to budget and macro- economic issues; i t was completed on July 7,2008 and opens the way for budget support.
8. Fiscal revenues and grants in 2007 were 9.3 percentage points lower than programmed largely due to shortfalls in external budget support as donors adopted a cautious stance in part due to insufficient fiduciary controls by Government. Challenges with regards to budgeting and lower domestic revenue attributed to a slow-down in business activity around the election period and various ad-hoc tax waivers had represented the primary obstacles to achieving PRGF prior conditions but progress i s now seen in these areas.
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Table 1: Selected Economic Indicators, Projections and Outcomes 2006 2007 2008 2009
Projected Actual Projected Estimate Projected Forecast Projected Projected CAS Now
Real GDP Growth a/ Aggregate Per-capita
Exports Goods & Non-factor
Imports Goods & Non-factor
Current Account Balance c/
Revenue and Grants
Services b/
Services
Revenues Grants d/
Expenditures Consumption Interest, Transfers and Other Development
Fiscal Balance d/
Consumer Price Inflation (%,
Treasury Bi l l Interest Rate (%, e.0.p.)
e.0.D.)
7.1 5.0
29.0
43.1
-6.2
21.9 14.7 7.3
25.9 13.2 4.5 8.2
-4.0
7.4
17.4
7.4 5.3
24.9
32.6
-3.5
20.0 11.8 8.2
22.7 12.9 4.7 5.1
-2.7
8.3
14.2
6.5 4.4
30.5
43.3
-4.8
23.1 15.8 7.3
25.3 13.3 3.9 8.1
-2.2
5.7
15.7
6.8 4.7
20.9
28.3
-3.8
15.6 10.8 4.8
17.7 10.2 3.9 3.5
-2.0
13.8
21.3
6.0 3.9
21.1
11.2
2.8
23.1 16.6 6.4
25.1 13.6 3.3 8.1
-2.0
4.7
14.7
6.0 3.9
20.6
30.9
-6.5
18.5 11.9 6.7
21.3 12.9 2.6 5.7
-2.7
13.4
6.0 3.9
31.7
42.9
-4.1
23.6 17.6 6.0
25.3 14.0 2.9 8.4
-1.7
4.0
14.0
6.0 3.9
24.2
33.7
-6.2
18.5 12.4 6.0
22.6 12.1 2.8 7.7
-4.2
11.0
ExchAge Rate (Le/US$, p.a.) 2,962 2,985
9. The biggest contributors to GDP have been agriculture and services. The agricultural sector recorded strong expansion amidst increasing Government technical assistance and investment in infrastructure.
10. Mining output has been driven by the resumption of rutile, bauxite and industrial diamond mining, supported b y higher private investment. Diamond output increased since 2005, and international prices continue to be favorable. Rutile and bauxite production, which resumed in the first quarter o f 2006 increased in 2007. Gold output more than quadrupled in the years 2005 to 2007.
11. Construction had represented an important contributor to growth immediately after the war; however the collapse o f electricity output in 2005 resulted in a significant shrinkage in output, recently exacerbated by shortfalls in the supply of water. With the completion o f the Bumbuna Hydro-Electric Dam anticipated for 2009, electricity supply should rise to meet levels o f demand. Manufacturing performance has been weak since 2005, and has not generally been a significant driver o f GDP growth.
12. Social Developments. Poverty i s heavily concentrated in the rural and other urban areas outside Freetown. Roughly 70 percent o f the population l ived below the poverty line in 2004. The proportion below the poverty line in Freetown in 2003/04 was estimated at 15 percent, compared to 79 percent in the rural areas and 70 percent in other urban areas. Underemployment i s a problem. At age 20-24, three o f every ten young men are neither formally employed nor in school. The problem i s especially acute in urban areas. Complaints about rapidly rising food and fuel prices are a growing concern.
13. Debt Sustainability. In December 2006, Sierra Leone reached the Completion Point under the Enhanced HIPC initiative and, in so doing, also gained additional relief
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under the MDRI. Under the enhanced HIPC relief i s equal to 81.4 percent o f the country’s outstanding (foreign) external debt as o f end-2000 (US$675.2 mi l l ion in NPV terms)’. Debt relief provided under MDRI w i l l reduce the debt stock by US$556.2 million, in addition to relief received from the three institutions under the HIPC Initiative. MDRI debt relief (net o f HIPC assistance) would lead to nominal debt service savings o f US$609.9 mi l l ion on debt owed to IDA, the IMF and the African Development Fund.
14. Under the HIPC Initiative, bilateral agreements have been signed with al l Paris Club creditors. Agreements on the delivery o f the HIPC relief are s t i l l pending with certain official creditors outside the Paris Club. Debt relief f rom the international community helped decrease Sierra Leone’s public sector nominal external debt from 145.9 percent o f GDP at end-2005 to 32.1 percent o f GDP at end-2007. No new debt relief i s assumed beyond the buy-back o f the external commercial debts that i s expected to take place in late 2009, fol lowing the HIPC common reduction factor US$176.5 mi l l ion in debt would be extinguished, wi th US$40.3 mi l l ion in obligations remaining.
15. A new PRSP i s under preparation and the Government has stated that i t w i l l be focused on economic growth for poverty reduction. Consultations have been taking place and a final version i s expected to be ready during Autumn 2008, followed b y a Consultative Group meeting in early 2009.
111. PROGRESS TOWARDS IMPLEMENTING THE CAS
A. Introduction
16. The CAS i s organized around the three pillars o f (i) Governance, Decentralization and Public Financial Management: (ii) Sustainable Growth, Food Security and Jobs Creation and (iii) Human Development.
B. Progress towards CAS Outcomes
17. Progress towards CAS outcomes has been mixed. CAS implementation suffered due to the fact that fewer IDA resources were available than originally estimated at inception stage. Furthermore, l imited capacity in Line Ministries affected the implementation o f programmes. Finally, political attention was redirected towards national elections in 2007 which reduced the already scarce institutional capacity o f the government.
18. Lack o f clarity in the CAS monitoring framework has hampered the objective assessment o f progress. The CAS strategy was developed around 26 outcomes with a large number o f indicators and milestones established to measure these. I t i s now apparent that the CAS results framework was too complex, contains some inconsistencies in terms o f the results terminology as wel l as a number o f indicators that are not easily
The net present value (NPV) of debt i s the discounted sum of all future debt service obligations (interest 1
and principal).
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measurable. Hence, while reporting on progress against the original CAS outcomes, the results framework i s being simplified and clarified to allow a more effective monitoring and evaluation o f success going forward (see Appendix II).
19. Notwithstanding the various challenges to implementation and monitoring, there has been some progress towards achieving the CAS outcomes. Around 30 percent o f the 26 CAS outcomes are assessed as being on-track, the same number are assessed as being off-track, while most outcomes show either mixed or delayed progress (or can not be assessed at this time). Assessment for each pillar includes the following:
20. Pillar/Priority 1: Governance, Decentralization and Public Financial Management, has shown good progress in many areas, but i s yet to achieve al l CAS targets.
21. Government has enacted key legislation to support the decentralization process and important responsibilities have been devolved to district councils. Transparency o f allocation i s maintained through an allocation formula, which i s public. Local councils now have a greater role in basic education, primary health care, water supply, and feeder roads. Access and citizen satisfaction with primary education and health improved between 2005 and 2007. A large number o f community sub-projects has been implemented as part o f strengthening local initiatives. Public Financial Management has been strengthened through the introduction of modern budgeting and accounting systems. New and better budgeting legislations and regulations are now in place. Most ministries and agencies now prepare annual procurement plans. Government has adopted a new Chart o f Accounts and requires donors to use i t for regular reporting.
22. However, some important CAS outcomes are unlikely to be achieved. Government’s ability to attract and retain skilled staff continues to be highly constrained, wi th consequences for efficiency and capacity, contributing also to less than targeted progress in auditing and procurement as wel l as the establishment o f effective financial management processes. Sector strategies for selected MDAs are close to completion but have fallen behind schedule while empowerment o f local government has not resulted in attainment o f desired increases in some sectors (such as agricultural extension).
23. Focusing on fiscal decentralization and empowerment, and on improving transparency, effectiveness and accountability, the Bank has provided support toward this pillar through the Institutional Reform and Capacity Building Project and the National Social Action Project, as wel l as budget support (GRGG I and 11). Analytical support has been provided through Poverty assessments, Public Expenditure Reviews, Public Financi a1 M a n agemen t studies , Youth Employment Studies , e tc .
24. The revised results matrix reduces the number o f CAS outcomes for this pillar from 17 to 2, focusing on local government empowerment and improved transparency and effectiveness at central government. The coverage i s broadly maintained, wi th many o f the original outcomes retained as indicators.
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25. PillarPriority 2: Sustainable Growth, Food Security and Jobs Creation. Progress has been mixed. Government has been largely successful in maintaining macroeconomic stability with GDP growth sustained between 6 and 7 percent throughout the CAS period; however, the core CAS objective o f prudent fiscal management has been severely undermined by contracts for energy supply and debt reduction outside o f the budget. IMF PRGF has progressed intermittently and i s now back on track. After a slow start, progress has now been made on removal o f administrative barriers to growth (reflected in the latest “Doing Business” indicators). Agriculture has shown significant growth in recent years, albeit f rom very low, post-war basis and exports in some crops have recommenced. Mining output has continued to grow, wi th the beginning o f a shift f rom artisanal to commercial mining activities. And progress i s finally being made on strengthening the financial sector, including through a new financial sector strategy, wi th support from the Bank group.
26. Food-poverty and unemployment remain pervasive, wi th little reduction in unemployment. Growth in agricultural output remains highly constrained by continued lack o f road access. While the CAS expected to contribute to an increase in power generation, the early years saw a decrease and a virtual collapse in the sector; the long term strategy for increased generation remains valid but progress has been hampered by weak implementation and sector governance. An emergency power operation has only recently restored some grid generation and tariffs remain below the level required for sustainability, particularly as technical challenges may delay generation o f power at the Bumbuna facility until mid 2009.
27. Bank assistance has come through support in the Infrastructure Development Project (Transport), the Power and Water Project, the Bumbuna Hydropower Safeguards Project and ongoing support for N A C S A under the National Social Action Program and, more recently the Rural PSD project, as wel l as various ESW programs, such as the Diagnostic Trade Integration Study. The provision o f electricity in Freetown i s one very visible measure o f progress in this f ield while the reduction in poverty on the basis o f certain indicators points to broader progress. Planned support to improved governance in mining, through a planned Mining Sector Technical Assistance Project, was delayed until FY09.
28. In the revised results matrix, the number o f outcomes for this pillar has been reduced from 6 to 4, consolidating the enabling environment themes around a single investment climate outcome and focusing indicators on areas which w i l l directly be influenced by Bank programmes.
29. PillarPriority 3: Human Development. Progress has been mixed. A significant number o f schools and clinics have been rehabilitated after the war, and are now providing services. Access to primary education has increased and 70 percent o f primary and junior secondary schools reach basic operational level. A new education sector strategy i s under implementation and has received support f rom EFA-FTI. Health care has improved, but remains short o f the targets established in the CAS. Access to a primary health center within 5 km has increased to 58 percent immunization levels, use
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o f treated bednets and treatment o f TB have al l improved, but only targets for TB cases cured and HIV/AIDS prevalence among youth are l ikely to achieve CAS objectives.
30. The poverty headcount has fallen by 5 percent between 2005 and 2007 (although the recent food price increases may have reversed that progress). Government budget allocations to education and health are now around 20 percent and 40 percent respectively, a significant increase. However, budgetary limitations in 2007 resulted in significant cuts in real transfers to these sectors. The country lingers at or near the bottom in HDI indicators, and the effects o f the c iv i l war s t i l l exert their influence.
31. Bank support has come through the Health Sector Reconstruction & Development project, the ongoing Rehabilitation o f Basic Education project, the H IV /A IDS Response Project, community driven development through the National Social Action Project and various Trust funded activities such as the Freetown Water Supply Rehabilitation Trust Fund and the Reproductive and Child Health project as well as through poverty reduction expenditures financed through budget support. Achievements in this f ield have included the significant increase in primary school enrollment, especially o f girls and the success in limiting prevalence o f tuberculosis and HIV/AIDS.
32. The revised results matrix maintains the same CAS outcomes but has been simplified to retain only those indicators which are measurable and have baseline data.
33. Overall Assessment: Proportionately the sector reflecting the most significant deviation f rom CAS objectives i s Pillar 11, Sustainable Growth, Food Security and Jobs Creation, with almost half the outcomes off-track, possibly reflecting the l imited capacity in Government given that this i s the pillar most dependent upon coordinated policy formulation and implementation. CAS outcomes sought under Pillar I (Governance, Decentralization and Public Financial Management) and Pillar I11 (Human Development) may have lent themselves more easily to direct intervention f rom development partners. In as much that economic growth in Sierra Leone has in fact met or exceeded expectations over the CAS period i t may be the case that Growth Pillar CAS objectives were too ambitious in their targets; equally growth may have been more inclusive i f more CAS objectives had been achieved.
34. In order to allow a more effective monitoring and evaluation o f success, the CAS results framework has been simplified and clarified. The revised CAS results framework i s presented in Appendix 11. The number o f CAS outcomes has been reduced from 26 to 8. Results measurements for which there was no data or unclear targets have been eliminated. An attempt has also been made to ensure that al l indicators are clearly defined and baselines and targets are available.
C. IDA Program
35. The small number o f IDA operations in addition to the l imited information available through the CAS results monitoring process have provided few opportunities for responding proactively to sectors in which targeted CAS outcomes are at risk. As discussed in more detail below certain additional operations, notably the Food Price
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Crisis Grant and trust fund operations such as the Education for All Fast Tract Initiative and the Reproductive and Chi ld Health project are assisting in ensuring that the CAS targets are being attained in the areas o f social protection, education and health while the Institutional Reform and Capacity Building project i s reinforcing the progress towards governance and decentralization.
Planned Fiscal Year
FY06 FY07
FY08
Lending
Planned Name of Approval Name of planned project Amount unplanned project date
(US$ M) IDP Transport $43 12/06/2005
Dev. Policy Support $10 12/14/2006 Rural & Private Sector $28 05/22/2007 Dev. Mining Sector T A $5 Postponed
Dev. Policy Support $10 Postponed Healtmducation $33 Reconsidered
IDP Transport- 06/19/2008
Health- Add. Fin.
36. The lending program has largely followed the CAS intentions, but with adjustments to reflect the availability o f IDA resources and the need for additional financing in some projects. This led to the postponement o f some planned lending activities and a rethink for some others. Furthermore, price increases (partly resulting f rom higher global fuel and food prices) and cost overruns have made i t necessary to provide additional financing to three operations. The amount for the Rural Private Sector Development Project was increased from US$28 to US$30 million. The Health Sector Reconstruction Project received an additional US$8 million, and the Infrastructure Development Project (Transport) received an additional US$ 1 1 million. A Development Policy Support (GRGG2) US$10 million and the Mining TA project were postponed until FY09, the former in conjunction with initiatives to improve transparency in fiscal management and reporting and the latter, which has also been modified to have less in consulting and more in capacity building, to focus more in economic growth and employment generation (this project may be subsumed into a regional Mining project). A planned HealthEducation project for FY08 i s being reconsidered using a different approach (see Chapter IV).
FY09 Add. Fin.
Dev. Policy Support $10 Basic Servicers $15 PFM $4 Mining T A TBD
Approved Amount (US$ M)
FY09
$10 $30
Add. Fin. Dev. Policy Support $10 Basic Servicers $15 PFM $4 Mining T A TBD
$11 1
Total $158 $103 Total $158
37. During the current CAS period, IDA has approved five financing operations for a total o f approximately US$103 million, fully utilizing available IDA 14 resources. Of this amount slightly more than half has been for infrastructure, thirty percent for rural private sector development, ten percent for health and ten percent as budget support.
$103
38. Including these recent projects, other than the budget support which has fully disbursed and closed (US$lOm), the Sierra Leone portfolio as of August 30, 2008 consists of 8 IDA operations for total commitments of US$240.62 million as well as two operations totaling US$7 million funded by the Global Food Crisis Program Trust Fund. About forty percent of the portfolio focuses on infrastructure, forty percent on human development, ten percent on rural private sector development and ten percent on public sector and governance. As of August 2008, US$123 million, about f ifty percent of commitments, remain undisbursed.
Rehabilitation of Basic Education I 02/25/2003 I 20.0
Table 3: IDA Financing Active portfolio (as of August ZOOS)
Project Name I ApprovalDate I IDA I Undisbursed I 3.81
and Social
* Allocation from the Global Food Crisis Program Trust Fund, not included in total
39. While not formally part of the CAS at the planning stage, IDA has come to make significant use of trust fund resources including US$25 million for decentralization from a trust fund provided by DFID and the EU, US$10 million for water provided by DFID, as well as US$30 million from the Africa Catalytic Growth Fund (ACGF) for the Reproductive and Child Health Project, and US$15 million for Education from EFA-FTI. In addition, smaller t rus t fund grants allow engagement in community driven development (e.g. CHYAO, Gates Foundation). The recent Food Price Crisis Response operations are financed from a trust fund provided from IBRD surplus. Bank executed trust fund financing i s increasingly used to support AAA work within the CAS program, such as the support from the FIRST Initiative for the financial sector reform strategy.
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Table 4: Country Executed Trust Fund Financed Activities (as of end FYOS) (Investment projects in bold)
I Total I $28.4 I Non-Lending
40. An ambitious program o f AAA activities has been executed. I t has been broadly the case that ESW activity has been strongest in the areas in which lending activity has been most challenged, notably related to Pillar I1 Sustainable Growth, Food Security and Jobs Creation. The program has broadly fulf i l led the scope o f what was planned under the CAS although there has been some slippage between years. Activities can be divided into four main categories:
(a) broad-based economic research which seeks to inform a sector dialogue (such as the Poverty Report, the Disability Policy Note, and the Youth Employment Study),
(b) studies which throw light onto areas which may be suitable for fol low up assistance (such as the Hydro PPP Case Study, the ROSC on Accounting and Auditing and the Telecom Sector Reform study),
(c) those sector studies which are expected to identify specific reform activities suitable for support through IDA operations (such as the Diagnostic Trade Integrated Survey, the Technical and Financial Review o f NPA, the A M U C F T assessment or the Financial Sector Assessment Programme), and
(d) those studies which are intended to guide Government in undertaking core activities (such as the PFM Performance Report, the Decentralization Impact Study and the Education CSR).
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41. After the 2007 elections, the Bank joined the other budget support donors (AfDB, DFID & EC) in producing a comprehensive set of policy notes for the consideration of the incoming government.
Table 5: Non-Lending activities, FY06-FYOS
Delivery Fiscalyear Type Unit Name to client FY06 ESW ETWEN EWDEN- Hydro PPP Case Study 09/30/2005
ESW AFTFM ROSC Accounting & Auditing 05/30/2006 ESW AFTFM Education CSR 06/15/2006 ESW FPDFI AML/CFT Assessment 06/28/2006 ESW AFTP4 Diagnostic Trade Integration Study (DTIS) 06/29/2006
FY07 ESW AFTAR Youth Employment 0312 112007 ESW AFTEN Strategic Environmental Assessment 06/26/2007 ESW AFTEG ESMAP Technical & Financial Review o f NPA 06/28/2007
FY08 TA CITPO FIRST #328: Capital Market Development Plan 09/28/2007 ESW AFTFM PFM Performance Report 0111 1/2008 TA FPDFT Post-FSAP Strategic Roadmap 06/02/2008 ESW AFTPM Poverty Report 0611 812008 ESW AFTH2 Social Protection Disabilities 06/20/2008 TA AFTFP FSAF' Preparation & Follow-up 06/27/2008 TA FPDFT Telecom Sector Reform 06/27/2008
Total
Portfolio Management
42. Overall, Portfolio performance i s marginally satisfactory. As the portfolio has grown and matured over the last few years, the quality has deteriorated, and the percentage of projects at risk now stands at 50 percent, representing 4 out o f the total of 8 IDA projects. Two projects are rated as problem projects (the Health Sector Reconstruction and Development S I L and Rural and Private Sector Development SIL), and two (the Bumbuna Hydroelectric Environmental & Social Management S I L and the Power and Water SIL) are considered potential problem projects. As of end of FY08, all of these projects have suffered from lack of counterpart funding and weak M&E systems. Other challenges have included procurement issues and slow disbursement.
D. IFC and MIGA Programs
43. IFC i s on course in supporting the country's post-conflict economic recovery through the Conflict Affected Countries Strategy. IFC i s working through FIAS (jointly supported by MIGA) and PEP Africa to continue to improve the investment climate through a joint program with U K ' s DFID focused on improving the legal and regulatory environment.
44. IFC i s providing support to the Commonwealth Business Council in organizing this year Private Sector Forum scheduled for the last quarter of the year. IFC i s working with the World Bank to support the Bank of Sierra Leone in setting up a Credit Reference Bureau.
14
45. In March 2007, under the Global Trade Finance Program, I F C signed credit facilities with three banks (Sierra Leone Commercial Bank, Rokel Commercial Bank and Guaranty Trust Bank). In June 2007, IFC announced an investment in the telecommunications sector in Celtel Sierra Leone, a subsidiary o f Celtel International B.V. The investment comprises a US$25 mi l l ion loan for IFC’s account and a further B Loan o f US$25 million, to help improve the operations o f the company and enhance the general quality o f mobile access in the country.
46. With the signing o f the Establishment Agreement, IFC i s better positioned to implement i t s country strategy and support the government through advisory services and private sector investments in priority sectors such mining, agribusiness, tourism and infrastructure.
47. MIGA’s portfolio in Sierra Leone currently consists o f one project signed in FY07, in support o f the country’s services sector, wi th an existing gross exposure o f US$5.0 million. Contracts for this investment were signed under the Agency’s Small Investment Program (SIP). The project, financed by investors f rom the United Kingdom, provides container scanning services and port security compliance advice for the ports o f Nitti and Kissy (Freetown). The project helps the country comply wi th international security requirements and facilitates trade to and from Sierra Leone with international markets. Without this project, much o f the country’s exports would be denied access to foreign port facilities.
IV. THE WAY FORWARD
A. The final year of the CAS
48. This Progress Report i s presented with only eight months left o f the CAS period, and coincides with the preparation o f a new PRSP, to be completed later in 2008, followed by a C G meeting. Work on a new CAS wil l start in earnest once the new PRSP has been completed. Given the challenges faced in the current CAS, including those necessitated b y IDA limitations, certain adjustments need to be considered for the final year. These adjustments draw on the conclusions o f a Country Portfolio Review completed last year, which identified l imited Government capacity and complex project designs as key challenges.
49. Whi le budget support w i l l resume after one year’s break, the environment for this instrument i s vulnerable in a l ow capacity country, recently out o f conflict. There i s also a felt need to better protect funding for core poverty reduction activities, such as health, education and water, including transfers to local councils, which now have frontline responsibilities for such deliveries. This devolution to local councils, furthermore, needs to be better reflected in the way support to core public services i s delivered. The plan for the final CAS year is, to explore the possibility o f a more robust Basic Services approach, which would in part address the delivery o f health and education previously planned in the CAS, and in part act as a complement to general budget support. This choice i s
The Basic Services approach i s s t i l l under discussion with regards to amount and to modality.
15
guided by the objectives o f simplifying Bank operations (and so reducing the burden o f implementation place on Government) and seeking to lift Sierra Leone o f f the bottom of the human development index. The objective i s to establish a more comprehensive and coherent portfolio approach to ensure that results are delivered. Preparatory work i s now in progress wi th a view to taking a Basic Services operation, covering 2 years, to the Board toward the end o f the CAS period.
Name
Mining Sector TA Project Second Government Reform & Growth Grant Debt Buy Back Operation Phase I Public Financial Management Reform Project Basic Services I (covering 2 years)
50. With capacity constrains at the forefront o f the CPR conclusions, i t i s planned to take a Public Financial Management Project to the board in FY09. Whi le the amount f rom IDA i s lower than indicated in the CAS (US$4 mi l l ion vs. US$13 mi l l ion in the CAS), this reflects significant co-financing from E C and DfID, taking the whole project to US$20 million; if the implementation arrangements are conducive, this project may be combined with the proposed operation for Basic Services. The delayed Mining Sector Technical Assistance Project may go to the Board in FY09 although possibilities of subsuming this into a regional mining initiative are being explored.
Amount (US$ M)
U S $ T B D US$10 US$O.9 US$4 US$15
51. In addition, following the HIPC/MDRI completion, a debt buy back operation i s under preparation and may be ready for Board presentation in late FY09. The exploratory phase has been initiated with a view to determining the legal position wi th regards to various significant outstanding debts, the decision to move forward to a financing operation w i l l be informed b y the findings in this init ial phase.
Table 6: Indicative Lending Program, FY09
52. The AAA program for the remainder o f the CAS period partly reflects the graduation from post-conflict status with a greater emphasis on private sector development and the growth pillar within the PRSP. This includes work on a financial sector strategy (Financial Sector Development Plan, TA) and decentralization (Decentralization Impact Study, ESW). In order to support government budget execution and to help the Bank better understand the opportunities and constraints facing a potential Basic Services operation, a Public Expenditure Review w i l l also be undertaken.
B. Managing Risks
53. These r isks have materialized in various degrees and the Bank’s program continues to support mitigation efforts.
The r isks highlighted in the FY06-09 CAS remain valid.
16
54. In spite o f impressive presidential and parliamentary elections last year, followed by credible and peaceful local elections this year - both o f which confounded quite pessimistic predictions o f violence - Sierra Leone remains a fragile country in a fragile neighborhood. In addition, drug trafficking f rom Latin America to Europe via West Africa has become an added risk issue, with some security experts labeling i t as very serious. And while economic growth has been good, and in some ways impressive, as has economic management, i t remains fragile in the face o f global events, such as o i l and food price increases.
17
Annex A2: At a Glance
70.74 8064 5054 41-44 034 20-24 10-14
Sierra Leone a t a d a n c e 10/3/08
Key Development Indicators
(2007)
Population, mid-year (miliions) Sulface area (thousandsq. km) Population growm (%) Urban population (% of total population)
GNI (Atlas mehod, US$ billions) GNI per capita (Atlas method, U S ) GNI per capita (PPP, international $)
GDP growA (%) GDP percapitagrowm (%)
(most mcant estlmate, 2000-2007)
Poverty headcount ratio at $1.25 a day (PPP, %) Poverty headcount ratio at $2.00 a day (PPP, %) Lifeexpectancy at birth (years) Infant mortality (per 1,000 live births) Child malnutrition (%of children under5)
Adult literacy, male(% of ages 15 andolder) Adult literacy, female (% of ages 15 and oider) Gross ptimaryenrollment, male (% of age group) Gross pnmary enrollment, female (% of age group)
A c e s to an improved water source(% of population) Access to improved sanitation facilities (% of population)
Sierra Leone
5 8 72 1.8 37
1 5 260 660
6.8 4.9
53 84 42
160 27
47 24 93 65
57 39
Sub- Saharan
Africa
800 24242
2.4 36
7 62 9 52
1,870
6.2 3.7
50 72 50 94 27
69 50 99 E8
58 31
LO w income
1,296 21,846
2 1 32
749 578
1,500
6 5 4 3
57 85 29
72 50
100 89
68 39
Net Aid Flows
(US$ m'llions) Net ODA and offiaal aid Top 3 donors (in 2006):
United Kingdom Japan European Commission
Aid (% of GNI) Aid per capita (US$)
Long-Term Economic Trends
Consumerpnces (annual e o p %change) GDP impliatdeflator (annual %change)
Exchange rate (annual average, local per US$) Terms oftrade index (2000 = 100)
Populabon, mid-year (millions) b l GDP (US$ millions)
Agnculture Industry
services
Household final consumption expenditure General govt finalconsumption expenditure Gross capita formation
Exports of goods and servicas Imports of goods and Services Gross savings
Manufacuring
1980
91
5 18 8
7 4 28
14 0
1
3 2 1,231
32 3 19 7 4 6
48 0
90 7 7 0
19 1
23 0 39 7 2 4
1990 2000
59 181
4 68 6 0 8 14
21.5 28.8 15 40
98.3 -0 2 77.3 6 1
152 2,092
4 1 4 5 649 636 (% ofGDP)
46 9 192 4 6
33 9
8 2 4 98 9 7 8 14 3
1 3 0 8 0
293 18 1 32 5 39 3 6 2 -0 8
2007
364
66 63 59
26.7 63
13.8 10.3
2,985
5.8 1,664
83.4 10.5 13.4
21 .o 28.3 9.6
Jnder-5 rnortolityrate(per1,000)
=O 1 0 0
EO m 150
io0
50
0
lGmwthofGDPand GDPper capita(%)
3 0 1
93 €5 00 05
+GDP - GDPper capita
1980-90 1990-2000 2000-07 (average annuai growh %)
2 3 1 0 3.7 -5 0 17.2 3 1
3.2 -3.9 6.7 6.1 -3.3 9.7
-1.0 -3.3 -0.5 -6.2 75.7
Note: Figures in italics are for years other than those specified. 2007 data arepreliminary . . indicates data are not available a. Aid data arefor2006. b Estimates and projecaons from UN Population Diwsion Development Economics, Development Data Group (DECDG).
18
Sierra Leone
Balance of Payments and Trade
(US$ millions) Total merchandiseeqorts (fob) Total merchandise impom (ci0 Net trade in goods and services
Current account balance, after grants asa%ofGDP
Workers' remittances and mnpensabon of employees (receipts)
Reserves, including gold
Central Government Finance
(56 Of G DP) Current revenue (including grants)
Current expenditure
Ove rali surplus/deficit
Highest marginal tax rate(%)
Tax revenue
Individual Corporate
External Debt and Resource Flows
(US$ millions) Total debt outstanding anddisbursed Total debt service Debt relief (HIPC, MDRI)
Total debt (% of GDP) Total debt service (%of exports)
Foreign dired investment (net inflow) Portfolio equity (net inflows)
2000
73 1 46
-1 35
-56 -8.8
7
50
19.4 10.8 22.7
-9.3
1 ,I 76 54
8 09
184.9 41.3
39 0
2007
28 5 38 7
-123
-6 3 -3 8
38
208
15 6 1 0 8 13 3
-1 9
30 3 0
1,369 75
31 6
82 3 20 4
69 0
omposition of total external debt, 2007
SS mll ims
Private Sector Development 2000 2008
Time required to staR a business (days) - 1 7 Cost to start a business (% of GNI per capita) - 56.2 Tme required to register property (days) - 86
Flanked as a major constraint to business 2000 2007 (% of managers surveyed who agreed)
n.a. n .a
Stock market capitalization (% of GDP) Bank capital to asset ratio (%) 18.5 19.0
IGwernance indicators, 2000 and 2007
Poitcai stablty
R ~ Q u ~ I o ~ ~ qualty
Ruled law
Confml oi carupbm
Cwntly'spercenhb rank (0100) h g h s m$ybe'lermfnp
source Kaufmann-Kraay.Ma~trur~, Worn Bank
Technology and Infrastructure
Paved roads (%of total) Fixed line andmobile phone
High technology exports subscribers (per 100 peopie)
(% of manufactured exports)
Environment
Agricultural land (%of landarea) Forest area ("6 of land area) Nabonally protected areas (% of land area)
Freshwater resourcas per capita (cu meters) Freshwater withdrawal (% of internal resources)
CO2emssions per capita (mt)
GDP per unit of energy use (2005 PPP $per @ of oil equivalent)
Energy use per capita ( k g of oii equivalent)
2000 2007
7.9
7 27
38 40 39 8 385
2 1
28,641 0 2
0 1 2 018
(US$ millions)
IBRD Total debt outstanding and disbursed Dis b u r s men$ Principal repayments Interest payments
IDA Total debt outstanding and disbursed Disbursements Total debt seivice
IFC (fismlyear) Total disbursed and outstanding portfolio
Disbursements forlFCown account Portfolio sales, prepayments and
repayments for IFC own account
of which IFC own account
MlGA Gross exposure
0 0 0 0
354 7 0
4
2 2 0
1
0
0 0 0 0
492 18 11
0 0 0
0
5
Note Figures in italics are foryears other than those speafied 2007 data are preiiminary 10/3/08 indicates data are not available - indicates ObSeNabOn is not applicable
Development Economics, Deveiopmnt Data Group (DECDG)
19
Millennium Development Goals Sierra Leone
With selected targets to achieve between 7990 and 2015 (estimate closest to dats shown, +/-2years)
Goal 1: halve the ratesfor extreme povertyand malnutrition Poverty headmunt ratio at $1.25 a day (PPP, % of population) Poverty headmunt ratio at national poveny line (% of population) Share of income orconsunption to the poorest qunitile (%) Prevalence of malnutrition (%of children under 5)
Goal 2 ensure that children are able to complete primaryschoollng Primaryschool enrollment (net, %) Primary completion rate (% of relevant age group) Secondaryschooi enrollment (gross, %) Youth literacy rate (%of people ages 15-24)
Goal 3 ellmlnate gender disparity in education and empower women Ratio of girls to boys in primary and secondaryeducabon (%) Women employed in the nonagricultural sector (% of nonagricultural employment) Propofion of seats held by women in national parliament (%)
1990 1995 2000 2007 53 4
828 70 2
28 7 2 7 2 1 1
43 81
17 26 32 48
67 71 74 21
6 9 15
Goal 4: reduce under-lmortallty by two-thirtls Under-5 mortality rate (per 1,000) 302 29 3 277 27 1 Infant moltalityrate (per 1,000 live births) 1 75 171 162 160 Measles immunization (proportion of one-year olds immunized, %) 37 64
Goal 5 reduce maternal mortalitybythreefwrths Maternal rroltality ratio (n-adeled estimate, per 100,000 iive births) Binhs attended by slulled health staff (% of total) Contracapbva prevalenca (% of women ages 15-49)
2,000 1,077 42 4
Goal 6 halt and begln to reverse thespread d HlVlAlDS and other major dlseases Prevalence of HIV (%of population ages 15-49) 1 3 1 7
Tuberculosis cases detected under DOTS (%) 28 34 36 Incidence of tuberculoss (per 100,000 people) 2 24 443
Goal 7: halve the proportlon of peoplewithout sustainable access to basic needs Accass to an improved water source (%of population) Access to improved sanitation faalities (% of population) Forest area (% of total iand area) Nationally protected areas (% of total land area) COPemssions (metric tons per capita) GDP per unit of energy use (constant 2005 PPP $ per kg of oil equivalent)
Goal 8: develop a global partnership for development Telephone mainlines (per 100 people) Mobile phonesubscribers (per 100 people) Internet users (per 100 people) Personal computers (per 100 people)
iducatlon lndlcators (%)
25 !L 2000 no2 2001 2006
--O-Pdmary net mmlmentraho(..)
+Ratioofgirls to boys in p imry & secmdary edmatiar
Measles Immunization (% d 1-par olds)
im -1 n
DSierraLeom OSubSaharar Aflca
5 7 39
42.5 39.8 38.5 2.1
0.1 0.1 0.1 0.2
0 3 0 4 0 7 2 7 0 0 0 0 0 3 13 3 0 0 0 0 0 1 0 2
T Indicatots (per 100 people)
2000 2 0 a no4 2006
0 Fixed + mb11e subscnbers Internet usem
Note Rgures in italics are for years other than those speafied
Development Emnomics, Development Data Group (DECDG)
indicates data are not available 10/308
20
Annex B2: Selected Indicators
CAS Annex 82 - Sierra Leone Selected Indicators* of Bank Portfolio Performance and Management
As Of Date 10/07/2008
Indicator 2006 2007 2008 2009 Potffolio Assessment Number of Projects Under Implementation a 8 9 8 8 Average Implementation Period (years) 2.5 3.1 3.8 4.1 Percent of Problem Projects by Number a,c 37.5 22.2 25.0 25.0 Percent of Problem Projects by Amount a, 17.3 19.4 24.1 24.1 Percent of Projects at Risk by Number a , d 37.5 33.3 50.0 50.0 Percent of Projects at Risk by Amount a , d 17.3 29.7 43.8 43.8 Disbursement Ratio (%) e 31 .O 26.5 25.1 6.2 Potffolio Management Yes No Yes No CPPR during the year (yes/no)
Memorandum Item Since FY 80 Last Five FYs
Proj Eva1 by OED by Amt (US$ millions) 547.3 114.8 % of OED Projects Rated U or HU by Number 46.2 25.0 % of OED Projects Rated U or HU by Amt 31.2
Proj Eva1 by OED by Number 26 4
41.9
a. As shown in the Annual Report on Portfolio Performance (except for current FY). b. Average age of projects in the Bank's country portfolio. c. Percent of projects rated U or HU on development objectives (DO) and/or implementation progress
d. As defined under the Portfolio Improvement Program. e. Ratio of disbursements during the year to the undisbursed balance of the Bank's portfolio at the
beginning of the year: Investment projects only. * All indicators are for projects active in the Portfolio, with the exception of Disbursement Ratio,
which includes all active projects as well as projects which exited during the fiscal year.
( W
21
Annex B3: IBRDDDA Program Summary
CAS Annex B3 - IBRDADA Program Summary - Sierra Leone As Of Date 0911 512008
Proposed IBRD/IDA Base-Case Lending Program a
Strategic Rewards b Implementation (H/IWL) b Risks (H/IWL) US$(M) Fiscal proi ID
year
2009 SL- Mining Technical Assistance
SL- Basic Services I SL- Second Gov’t Reform & Growth Credit
SL- Reproductive & Child Health 2 (ACGF)
SL- Public Financial Management
Result 2010 SL- GRG 3 DPL
Result Overall Result
4.0
15.0
10.0
23.7
3.0
55.7 6.0
6.0 61.7
H M
22
Annex B3: IFC Investment Operations Program
CAS Annex B3 - Sierra Leone IFC Investment Operations Program
2006 2007 2008 2009*
Commitments (US$m) Gross Net**
Net Commitments bv Sector (%) Telecommunications Finance
25.00 1.61 0.31
100 100
Net Commitments bv Investment Instrument (%) Loan 100 Guarantee 100
100
100
* As of Aug. 31, 2008 ** IFC's Own Account only
MlGA Outstanding Exposure (Gross Exposure, $ million) Asofendoff iscal year FY02 FY03 FY04 FYO5 FY06 FY07 FY08 FYO9
through 3 l - A ~ g -
08 Guaranteed Investments into Sierra Leone 0 0 0 0 8.4 5.0 5.0 5.0
Guaranteed Investment Financed by Sierra Leonian Investors 0 0 0 0 0 0 0
23
Annex B4: Summary of Non- lending Services
CAS Annex B4 - Summary of Nonlending Services - Sierra Leone As Of Date 0911 512008
Completion cost Product FY (US$OOO) Audiencea Objectiveb
Recent completions Poverty Report Social Protection Disabilities PFM Performance Report
2008 201 G/B/DP/P WP 2008 113 GIBIDPIP WP 2008 50 GIBIDPIP WP
Underway Decentralization impact Study 2009 38 GIBIDPIP KIP Public Expenditure Review 2009 78 G/B/DP/P WP
Planned CPAR 201 0 45 GIBIDPIP WP
a. Government, donor, Bank, public dissemination. b. Knowledge generation, public debate, problem-solving.
24
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This map was produced by the Map Design Unit of The World Bank. The boundaries, colors, denominations and any other informationshown on this map do not imply, on the part of The World BankGroup, any judgment on the legal status of any territory, or anyendorsement or acceptance of such boundaries.
0 20 40
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IBRD 33478
NOVEMBER 2004
S IERRA LEONESELECTED CITIES AND TOWNS
DISTRICT CAPITALS
NATIONAL CAPITAL
RIVERS
MAIN ROADS
RAILROADS
DISTRICT BOUNDARIES
INTERNATIONAL BOUNDARIES