Liberia: Seventh and Eighth Reviews Under the Extended Credit Facility Arrangement, and Request for Nonobservance of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Liberia
IMF Staff Country Reports, November 20, 2017
Source details
- Canonical URL
- Liberia: Seventh and Eighth Reviews Under the Extended Credit Facility Arrangement, and Request for Nonobservance of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Liberia
Other formats
Bibliographic details
- Published: November 20, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484328316.002
Overview
- Discusses Liberia’s Seventh and Eighth Reviews under the Extended Credit Facility Arrangement, and Request for Waiver of Nonobservance of Performance Criteria (PCs).
- IMF staff supports the authorities’ request for waivers for nonobservance of PCs and supports completion of the seventh and eighth program reviews.
- Risks are concentrated in the near term.
- Based on the strength of the authorities’ policy commitments and corrective measures, staff recommendation is positive.
Key findings and implementation status
- Structural benchmarks (SBs) and performance:
- Seventh review: Three of six structural benchmarks (SBs) were met.
- Eighth review: Two of four structural benchmarks (SBs) were met.
- The rest of the SBs, except one, were met with a delay.
- Program support:
- IMF staff supports waivers for nonobservance of performance criteria (PCs).
- IMF staff supports completion of the seventh and eighth program reviews.
Risks and staff assessment
- Near-term risks: Risks are concentrated in the near term.
- Staff judgment: Support for waivers and review completion is grounded in the authorities’ policy commitments and corrective measures.
Content in this bundle
- Country Report