Liberia: Third Review under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Liberia
IMF Staff Country Reports, December 10, 2021
Source details
- Canonical URL
- Liberia: Third Review under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Liberia
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Bibliographic details
- Published: December 10, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781616355685.002
Summary
- Ensuring macroeconomic stability, providing a foundation for sustainable and inclusive growth, and addressing weak governance are the tenets of the ECF-supported program.
- The COVID-19 pandemic was a painful setback, but economic activity should recover by end-2021 and prospects for growth in 2022 are favorable.
- Prudent monetary and fiscal policies allowed inflation to decline into the single digits.
- The authorities are addressing disruptive currency shortages through a comprehensive currency changeover operation.
- The SDR allocation provides timely room for supportive policies without compromising macroeconomic stability.
- The authorities remain committed to their reform program and generally continue to implement the necessary measures.
Key findings and indicators
- Publication date: December 10, 2021
- Pages: 91
- Volume: 2021
- Issue: 264
- Series: Country Report No. 2021/264
- DOI: https://doi.org/10.5089/9781616355685.002
- Stock No: 1LBREA2021003
- ISBN: 9781616355685
- ISSN: 1934-7685
Macroeconomic outlook and policy stance
- Near-term recovery:
- Economic activity should recover by end-2021.
- Prospects for growth in 2022 are favorable.
- Inflation:
- Prudent monetary and fiscal policies allowed inflation to decline into the single digits.
- External support and reserves:
- The SDR allocation provides timely room for supportive policies without compromising macroeconomic stability.
- Currency management:
- Authorities are addressing disruptive currency shortages through a comprehensive currency changeover operation.
Governance, reforms, and program implementation
- Program pillars:
- Macroeconomic stability, sustainable and inclusive growth, and addressing weak governance.
- Reform commitment:
- Authorities remain committed to their reform program and generally continue to implement the necessary measures.
Subjects and keywords
- Subject: Budget planning and preparation, Central banks, Currencies, External debt, International organization, International reserves, Monetary policy, Money, Public debt, Public financial management (PFM)
- Keywords: Africa, arrears-payment strategy, asset declaration regime, Budget planning and preparation, containment effort, Currencies, Global, International reserves, Liberian authorities, reform program, Sub-Saharan Africa
International Monetary Fund. Liberia: Third Review under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Liberia, December 10, 2021, Country Report No. 2021/264.
Content in this bundle
- 1lbrea2021003