IMF Staff Country Reports

Liberia: Fourth Review Under the Three: Year Arrangement Under the Extended Credit Facility, Request for Modification of Performance Criteria, and Financing Assurances Review: Staff Report; Informational Annex; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Liberia

July 8, 2010

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Liberia: Fourth Review Under the Three: Year Arrangement Under the Extended Credit Facility, Request for Modification of Performance Criteria, and Financing Assurances Review: Staff Report; Informational Annex; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Liberia, (USA: International Monetary Fund, 2010) accessed September 20, 2024

Summary

Political pressure for faster delivery of tangible economic results has mounted against a backdrop of slower-than-expected economic growth, job losses in some sectors, and delays in infrastructure provision. Macroeconomic performance weakened in 2009 owing to the global recession, but tentative signs of a turnaround have emerged. Banking sector capitalization improved, though profitability remains low. FY2010 budget execution is broadly on track despite resource shortfalls. Medium-term prospects are favorable based on foreign investment commitments and continued donor support for rebuilding infrastructure and institutions.

Subject: Budget planning and preparation, Credit, Currencies, Monetary base, Money, Public financial management (PFM), Revenue administration

Keywords: Authority, Banking supervision capacity, Budget planning and preparation, CR, Credit, Currencies, Debt management strategy, Development agenda, ECF arrangement, Global, ISCR, Liberian authorities, West Africa

Publication Details

  • Pages:

    65

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2010/199

  • Stock No:

    1LBREA2010005

  • ISBN:

    9781455202478

  • ISSN:

    1934-7685

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