Liberia: 2008 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Financing Assurances Review, and Request for Waiver and Modification of Performance Criteria: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Liberia
January 13, 2009
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This paper presents the staff report for the combined Liberia’s 2008 Article IV Consultation and the first review under the Three-Year Arrangement under the Poverty Reduction and Growth Facility. The international community is supporting the Liberian government’s efforts to reform the economy. Increases in international commodity prices have contributed to a significant acceleration in inflation in Liberia, where increases have largely been allowed to pass through to the domestic economy. Liberia has been particularly affected by increases in the price of rice, which accounts for 50 percent of the daily caloric intake of households.
Subject: Asset and liability management, Balance of payments statistics, Budget planning and preparation, Currencies, Debt Relief, Economic and financial statistics, Money, Public financial management (PFM)
Keywords: Africa, authority, Balance of payments statistics, Budget planning and preparation, CR, Currencies, Debt relief, end-June criterion, Global, ISCR, Liberian authorities, policy, prudent fiscal policy, sound policy, U.S. dollar
Pages:
85
Volume:
2009
DOI:
Issue:
004
Series:
Country Report No. 2009/004
Stock No:
1LBREA2009001
ISBN:
9781451823004
ISSN:
1934-7685
