Liberia: Staff Report for the 1999 Article IV Consultation and Staff-Monitored Program

April 10, 2000

Summary

Liberia has begun the long process of recovery and rehabilitation after the civil war. The government should expand its focus from near-term relief and reconstruction to a more comprehensive reconstruction and economic reform program. The government remains committed to its economic and financial program monitored by IMF staff. The continuation of an appropriately restrained monetary stance, supported by a tight fiscal position, is important to build confidence in both the central bank and the new currency, and should allow for a gradual increase in international reserves.

Subject: Agricultural commodities, Arrears, Banking, Commercial banks, Commodities, Currencies, Expenditure, External debt, Financial institutions

Keywords: Africa, Agricultural commodities, Arrears, banking system, civil war, Commercial banks, CR, expenditure, expenditure overrun, financial support, government, ISCR, Liberian authorities, U.S. dollar

Pages:
69
Volume:
2000
DOI:
https://doi.org/10.5089/9781451822823.002
Issue:
052
Series:
Country Report No. 2000/052
Stock No:
1LBREA0022000
ISBN:
9781451822823
ISSN:
1934-7685

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Notes

Included with the Staff Report is the text of Public Information Notice No. 00/30--IMF Concludes Article IV Consultation with Liberia.

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