Establish a high-level cash management committee under the leadership of Ministry of Finance and Economic Development in collaboration with the Accountant General and the Bank of Sierra Leone to take decisions on cash ceilings, short-term borrowing requirements, and placement of temporary cash surpluses.
Macro rationale: Improve short-term liquidity management and budget execution with a view to avoid accumulation of payments arrears, and limit short-term borrowing from the BSL. Formerly a benchmark with end-March 2012 test date and made a prior action for completion of R4.