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
November 20, 2017
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This paper discusses Liberia’s Seventh and Eighth Reviews under the Extended Credit Facility Arrangement, and Request for Waiver of Nonobservance of Performance Criteria (PCs). Three of six structural benchmarks (SBs) for the seventh review and two of four SBs for the eighth review were met. The rest, except one, were met with a delay. Risks are concentrated in the near term. Based on the strength of the authorities’ policy commitments and corrective measures, the IMF staff supports the authorities’ request for waivers for nonobservance of PCs and supports completion of the seventh and eighth program reviews.
Subject: Exchange rates, Expenditure, External debt, Foreign exchange, Public debt
Keywords: authorities in partnership, CR, debt, diversification program, Exchange rates, fiscal policy, fund staff, Global, ISCR, monetary policy stance, real GDP, spending limit, West Africa
Pages:
103
Volume:
2017
DOI:
Issue:
348
Series:
Country Report No. 2017/348
Stock No:
1LBREA2017001
ISBN:
9781484328316
ISSN:
1934-7685
