Liberia: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Liberia
IMF Staff Country Reports, June 15, 2018
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- Liberia: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Liberia
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Bibliographic details
- Published: June 15, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484362006.002
Economic outlook and macroeconomic findings
- Liberia’s economy appears poised for recovery, with growth having bottomed out in 2016 and edging to 2.5 percent in 2017.
- The medium-term outlook appears favorable, conditional on the implementation of sound policies.
- The government faces a demanding development agenda amid high public expectations.
Vulnerabilities and constraints
- Liberia remains fragile with poor living conditions for the majority of the population.
- A decline in aid inflows, which were elevated during 2014–16, has put pressure on the exchange rate and fiscal resources.
- Key downside risks include:
- Difficulties in mobilizing resources to fill the financing gap.
- Difficulties in pursuing structural and institutional reforms.
Risks and scenarios
- Main upside risk:
- An increase in commodity prices and output.
- Main downside risks:
- Failure to mobilize adequate financing to close the financing gap.
- Setbacks in structural and institutional reform implementation.
Policy implications and priorities
- Implement sound macroeconomic policies to support the favorable medium-term outlook.
- Mobilize domestic and external resources to fill financing gaps and relieve fiscal pressure.
- Pursue structural and institutional reforms to reduce fragility and improve living conditions.
Liberia: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Liberia
Content in this bundle
- Country Report