Liberia: First Review Under the Extended Credit Facility Arrangement and Request for Waiver of Nonobservance of a Performance Criterion and Modification of Performance Criteria
July 23, 2013
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This paper describes Liberia’s First Review Under the Extended Credit Facility Arrangement and Request for Waiver of Nonobservance of a Performance Criterion and Modification of Performance Criteria. Nonresource real GDP growth, in particular, while still on an upward trend has been revised down for 2013, reflecting the sluggish pace of public investment. Nonresource growth is expected to pick up in the medium term, in line with an expected increase in public investment albeit the investment path is somewhat more moderate than originally planned and provided project execution speeds up.
Subject: Budget planning and preparation, Capital spending, Expenditure, National accounts, Public debt, Public financial management (PFM), Revenue administration
Keywords: Capital spending, CR, debt management Policy, disbursement Liberia, Global, government, IMF's executive board, ISCR, Liberian authorities, Non-resource real GDP growth, policy option, SDR, VAT policy paper, West Africa
Pages:
94
Volume:
2013
DOI:
Issue:
216
Series:
Country Report No. 2013/216
Stock No:
1LBREA2013001
ISBN:
9781484321041
ISSN:
1934-7685
