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

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

July 20, 2016

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

Country Report No. 16/238

Subject:

English

Publication Date:

July 20, 2016

ISBN/ISSN:

9781498371544/1934-7685

Stock No:

1LBREA2016002

Format:

Paper

Pages:

80

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