IMF Staff Country Reports

Liberia : Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver and Modification of Performance Criteria, and Financing Assurances Review: Staff Report; Informational Annex; and Press Release

Author/Editor:

International Monetary Fund

Publication Date:

December 30, 2009

Electronic Access:

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Summary:

This paper discusses key findings of the Third Review for Liberia Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). The program remains on track. All performance criteria (PC) for end-June 2009 were met, except the PC on total revenue collection. IMF staff supports the authorities’ request for a waiver on the basis that the deviation was temporary and did not jeopardize key program objectives. Structural reform commitments were largely met, albeit some with delays. The 2010 quantitative and structural reform program is appropriately ambitious.

Series:

Country Report No. 09/332

Subject:

Announcements Debt strategy Economic indicators Fiscal policy Fiscal reforms Foreign exchange reserves HIPC Initiative Liberia Monetary policy Performance criteria modifications Political economy Poverty Reduction and Growth Facility Public information Staff Reports