Liberia: Fourth Review Under the Extended Credit Facility Arrangement and Requests for Waivers of NonObservance of Performance Criteria, Modification of Performance Criteria, and Rephasing and Extension of the Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Liberia
January 8, 2016
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This paper discusses Liberia’s Fourth Review Under the Extended Credit Facility (ECF) Arrangement and Requests for Waivers of Nonobservance of Performance Criteria (PC), Modification of PC, and Rephasing and Extension of the Arrangement. The end-June 2014 quantitative PC on government revenues and central bank net foreign exchange position, and one indicative target on net domestic assets were not met. Only three out of seven structural benchmarks for the fourth review were met. Based on the authorities’ corrective actions, the IMF staff supports completion of the delayed fourth ECF review, and the authorities’ request for an extension and re-phasing of the program to end-December 2016.
Subject: Debt sustainability analysis, Ebola, External debt, Health, Public and publicly-guaranteed external debt, Public debt
Keywords: CR, debt, Debt sustainability analysis, Ebola, Ebola crisis, Ebola epidemic, ECF arrangement, Global, IMF's Executive Board, ISCR, post Ebola shock, Public and publicly-guaranteed external debt, real GDP, West Africa
Pages:
111
Volume:
2016
DOI:
Issue:
008
Series:
Country Report No. 2016/008
Stock No:
1LBREA2016001
ISBN:
9781513520155
ISSN:
1934-7685
