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Field Report for Sierra leone - Assignment Example

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The country had a GDP of roughly 1.8 billion USD in 2008 (World Bank). By the time the civil war ended in 2002, the economy has been recovering gradually with a GDP growth rate…
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Field Report for Sierra leone
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Field Report for Sierra leone

Download file to see previous pages... As an outcome, industrialexpansions, large scale agriculture of trade products, as well as justifiable and sustainable investments have been highly neglected by governments. Therefore, the economy could be defined as exploitative, and is based on the pulling out of unsustainable resources as well as non-recyclable assets.
An interview was conductedon three different groups, and from each group, one person was chosen to represent the groups. The first group was made up of people working in the government, the other group represented common people, while the other group represented the privileged in the society.The first group was represented by Mr. John; the other one was represented by Mr. Eke, while the third group was represented by Miss Ann.
John: Sierra Leone is currently carrying out its development strategy under the national long term perspectives, a programme known as “vision 2025”. The significance of this programme spins around nurturing and promoting a strong, self-reliant, modest, and competitive private zone steered the economy with very strong and stable participation. Employing the overarching strategies of the long term perspectives, current macroeconomic policy is conducted on poverty reduction strategy paper (PRSP)developed with the IMF. The aspects of this plan include infrastructure development, private sector development, and reforms to enhance and increase domestic revenue collection. The poverty reduction strategy puts an emphasis on agriculture and fisheries, human development, transportation, as well as energy.
John: Both the PRSP and the “vision 2025” have a number of key challenges in the development of the private sector as well as an investment which includes; the dominance of a substantial and growing informal sub sector, Sierra Leone’s limited capacity to participate in investment activities, and a weak institutional environment ...Download file to see next pagesRead More
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