IMF Staff Country Reports

Liberia : Request for a Four-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Liberia

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

December 20, 2019

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Resource constraints, macroeconomic imbalances, and longstanding fragility continue to challenge the authorities’ efforts to improve living standards. An initial rush to deliver election promises has, at times, led to shortcomings in their execution. After grappling with these challenges for over a year, a consensus on the need for broad-based reform has emerged, leading to a request for a Fund-supported program. The authorities are requesting Fund support in the form of a four-year arrangement under the Extended Credit Facility of SDR155 million (60 percent of quota) to guide policies and reforms aimed at restoring macroeconomic stability, providing a foundation for sustainable growth, and addressing weaknesses in governance.

Series:

Country Report No. 19/381

Subject:

Central bank governance Central Banks Credit Financial and Monetary Sector Monetary policy