POLICY & THE LEGISLATIVE FRAMEWORK

The 8 Pillars of the A4P

Pillar 1 – Diversified Economic Growth
Pillar 2 – Managing Natural Resources
Pillar 3 – Accelerating Human Development
Pillar 4 – International Competitiveness
Pillar 5 – Labour and Employment
Pillar 6 – Social Protection
Pillar 7 – Governance and Public Sector Reform
Pillar 8 – Gender and Women’s

 

INTRODUCTION TO THE LEGAL LANDSCAPE


 

The GoSL’s poverty reduction strategy, the A4P superseded the Agenda for Change in 2013. At its core is the vision for Sierra Leone to become a “middle-income” country by 2035.   The A4P is complemented by the NERS, which provides a more specific agenda for development in the 24 months to July 2017, as Sierra Leone aims to bring its development back on to the A4P and Vision 2035 schedule in an effective, efficient and accountable manner.

The A4P sets out eight key pillars which acknowledge the need to better manage the country’s natural resources; improve the provision of healthcare, power and water; and tackle corruption. Private sector-led growth underpins the A4P’s key pillars and the GoSL openly states that it will work to remove constraints in all sectors in order to encourage it. Private sector development is also at the heart of the NERS, which aims to enhance capacity building, increase exports and further access to affordable finance in the short to medium term.

Sierra Leone’s on-going Extended Credit Facility review by the IMF has also helped identify key focus points for medium term economic development. This includes streamlining the management of government finances, eliminating import duty exemptions and increasing oversight of state owned enterprises.

Positive steps taken to improve the investment climate so far include the enactment of the Companies Act and the establishment of the FTCC (see the SIERRA LEONE AT A GLANCE  section) in 2010. The GoSL continues to take measures to address those legislative and regulatory obstacles which remain, such as including a dedicated commercial law and justice pillar in the . The JSRSIP III includes plans to strengthen institutional capacity, reform out-dated legislation such as land and labour laws, and accede to relevant international instruments. Progress on these goals is already underway. For instance, a consultation has been held regarding the establishment of an Enterprise Risk Management Policy ; the LCA  has been passed; and the NLP has been published, covering issues from equitable access to land and taxation to the development of more sophisticated planning and land registration regimes.

The following sections provides an overview of the laws and regulations that affect the entry into and success of FDI within the country and the GoSL’s legislative plans for the future.

 

 

The 8 Pillars of the A4P

Pillar 1 – Diversified Economic Growth
Pillar 2 – Managing Natural Resources
Pillar 3 – Accelerating Human Development
Pillar 4 – International Competitiveness
Pillar 5 – Labour and Employment
Pillar 6 – Social Protection
Pillar 7 – Governance and Public Sector Reform
Pillar 8 – Gender and Women’s