000 02784cam a22003974a 4500
001 30032
003 The World Bank
005 20181114101710.0
006 m d
007 cr cn|||||||||
008 020129s2018 dcu o i00 0 eng
024 8 _a10.1596/30032
035 _a(The World Bank)30032
110 2 _aWorld Bank Group.
245 1 0 _aSierra Leone Economic Update, June 2018
_h[electronic resource] :
_bReviving Urban Development - The Importance of Freetown for the National Economy.
260 _aWashington, D.C. :
_bThe World Bank,
_c2018.
490 1 _aEconomic Updates and Modeling.
520 3 _aThe Sierra Leone Economic Update (SLEU) reports on and analyzes recent economic developments and policies within medium-term, regional, and global contexts and analyzes the implications of these developments and policies for the outlook of the economy. Macroeconomic imbalance worsened in 2017 due to high levels of fiscal deficit and rising debts, inflationary pressure, a fragile banking system, and current account pressures. Stabilizing the macroeconomy is precondition for inclusive growth and poverty reduction. Key macroeconomic and sectoral reforms will need to be implemented to reduce the imbalances and to avert downside risks to economic growth. The special topic of this update report is an urban sector review of Sierra Leone's capital, Freetown, with a focus on the city's potential contribution to inclusive national economic growth. It has been demonstrated that cities are the places where significant economic development happens. The importance of Freetown to Sierra Leone's economy is clear, with the city creating 30 percent of the country's GDP despite having only 15 percent of its population. Rapid urbanization is now Sierra Leone's biggest growth narrative for the 21st century. Freetown has the potential to power economic transformation for Sierra Leone by bringing together large numbers of workers and entrepreneurs, and by serving as a hub for large-scale production in services, agro-processing and retail trade to complement and add value to existing production.
650 4 _aEconomic Development
650 4 _aEconomic Growth
650 4 _aFiscal and Monetary Policy
650 4 _aInflation
650 4 _aMacroeconomics and Economic Growth
650 4 _aMonetary Policy
650 4 _aNational Urban Development Policies and Strategies
650 4 _aPoverty
650 4 _aPoverty Reduction
650 4 _aPublic Debt
650 4 _aTrade
650 4 _aTransport
650 4 _aUrban Development
650 4 _aUrban Economic Development
710 2 _aWorld Bank Group.
830 0 _aEconomic Updates and Modeling.
830 0 _aWorld Bank e-Library.
856 4 0 _uhttp://elibrary.worldbank.org/doi/book/10.1596/30032
999 _c32722
_d32722