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

Publication Date:

July 8, 2010

Electronic Access:

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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.

Series:

Country Report No. 2010/199

Subject:

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