Liberia: Request for an Extension of the Arrangement Under the Extended Credit Facility-Staff Report and Press Release

November 9, 2015

Preview Citation

Format: Chicago

Liberia: Request for an Extension of the Arrangement Under the Extended Credit Facility-Staff Report and Press Release, (USA: International Monetary Fund, 2015) accessed September 18, 2024

Summary

This paper discusses Liberia’s Request for an Extension of the Arrangement Under the Extended Credit Facility (ECF). From mid-2014 to mid-2015, Liberia faced a serious Ebola virus disease crisis, which triggered the declaration of a state of emergency. End-June 2014 performance criteria (PCs) and indicative targets were met, except the revenue floor and the floor net foreign exchange position of the Central Bank of Liberia (CBL), and the ceiling on net domestic assets. The authorities are expected to request waivers for the missed PCs in light of corrective actions undertaken to improve revenue collection and strengthen the net foreign exchange position of the CBL. The IMF staff supports the authorities’ request to extend the ECF arrangement.

Subject: Credit, Ebola, Foreign currency exposure, Foreign exchange, Health, Integrated financial management information systems, Money, Public financial management (PFM)

Keywords: CR, Credit, Ebola, Ebola crisis, Ebola epidemic, Ebola virus disease crisis, ECF arrangement, Foreign currency exposure, Integrated financial management information systems, ISCR, Liberia, Position of the CBL

Publication Details

Pages:

6
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/303
Stock No:

1LBREA2015002
ISBN:

9781498373302
ISSN:

1934-7685

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