Liberia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Liberia

July 20, 2016

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Format: Chicago

Liberia: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Liberia, (USA: International Monetary Fund, 2016) accessed September 20, 2024

Summary

This 2016 Article IV Consultation highlights that the Ebola epidemic and the fall in commodity prices have revealed the vulnerabilities of Liberia’s economy. After barely positive growth in 2014, GDP was flat in 2015 mainly owing to the decline in activity in the iron ore and rubber sectors. Although international gross reserves increased in 2015, the Central Bank of Liberia’s net foreign exchange position declined owing to operational deficits and exceptional support to the banking sector. In 2016, growth is expected to rise to 2.5 percent, thanks to a rebound in services and the start of gold production, while inflation should stay in the single digits.

Subject: Banking, Commodity prices, Foreign exchange, National accounts, Prices, Public debt, Revenue administration

Keywords: Africa, Authority, Commodity price decline, Commodity prices, CR, Deficit, Ebola epidemic, GDP, Global, ISCR, Liberian authorities, Revenue weakness, Stronger-than-expected commodity price impact, West Africa

Publication Details

Pages:

80
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/238
Stock No:

1LBREA2016002
ISBN:

9781498371544
ISSN:

1934-7685

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