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Investment Policy Review - Sierra Leone

image of Investment Policy Review - Sierra Leone

Sierra Leone has important investment opportunities and growth potential in various sectors of the economy. The country continues however to bear the impact of the civil war 2002, including in terms of weak economic performance, human capital shortages, deficient infrastructure network and poor image. The investment policy review (IPR) takes note of the open and favourable FDI regulatory regime and of the guarantee against expropriation. It stresses though that the government policy should target the negotiations of a more comprehensive bilateral investment treaty and double taxation treaty network to boost the country's FDI attractiveness. At the request of the Government of Sierra Leone, the report outlines the elements of a strategy to stimulate investment while urging the international community to continue supporting the peace and economic reform processes in Sierra Leone.

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FDI Trends and impact

Sierra Leone is a country in transition from post-conflict stabilization to economic rehabilitation and growth. Following 11 years of civil war (1991–2002), which devastated Sierra Leone's social, economic and institutional conditions, political stability has been re-established as reflected in two successful presidential and district-level elections, which included a peaceful transfer of power. During this transformative period, the government has prioritized infrastructure development, reforms to domestic revenue collection and reforms supporting the development of the private sector. To support these priorities, national goals focus on increasing investment, including FDI, in the areas of energy, transport and agriculture.

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