{
  "title": "Liberia: Staff Report for the 1999 Article IV Consultation and Staff-Monitored Program",
  "publication": "IMF Staff Country Reports, April 10, 2000",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/liberia-staff-report-for-the-1999-article-iv-consultation-and-staff-monitored-program-3504",
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  "summary": "Liberia has begun the long process of recovery and rehabilitation after the civil war. The government should expand its focus from near-term relief and reconstruction to a more comprehensive reconstruction and economic reform program.",
  "sections": [
    {
      "heading": "Executive summary and context",
      "content": "- Liberia has begun the long process of recovery and rehabilitation after the civil war.\n- The government should expand its focus from near-term relief and reconstruction to a more comprehensive reconstruction and economic reform program.\n- The government remains committed to its economic and financial program monitored by IMF staff.\n- Continuation of an appropriately restrained monetary stance, supported by a tight fiscal position, is important to:\n  - build confidence in both the central bank and the new currency, and\n  - allow for a gradual increase in international reserves."
    },
    {
      "heading": "Key findings and policy implications",
      "content": "- Fiscal policy:\n  - A tight fiscal position is necessary to support monetary restraint and confidence-building.\n- Monetary policy:\n  - An appropriately restrained monetary stance should be continued to stabilize the new currency and the central bank’s credibility.\n- Reconstruction and reform strategy:\n  - Policy focus should shift from immediate relief and reconstruction to a comprehensive program combining reconstruction with economic reforms."
    },
    {
      "heading": "Subjects and keywords (as provided)",
      "content": "- Subjects: Agricultural commodities, Arrears, Banking, Commercial banks, Commodities, Currencies, Expenditure, External debt, Financial institutions\n- Keywords: Africa, Agricultural commodities, Arrears, banking system, civil war, Commercial banks, CR, expenditure, expenditure overrun, financial support, government, ISCR, Liberian authorities, U.S. dollar\n\n---\n\n Content in this bundle\n\n- Liberia: Staff Report for the 1999 Article IV Consultation and Staff-Monitored Program- ISCR/00/52\n  - Liberia: Staff Report for the 1999 Article IV Consultation and Staff-Monitored Program- ISCR/00/52 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Liberia: Staff Report for the 1999 Article IV Consultation and Staff-Monitored Program- ISCR/00/52 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: April 10, 2000",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451822823.002",
    "Liberia has begun the long process of recovery and rehabilitation after the civil war.",
    "The government should expand its focus from near-term relief and reconstruction to a more comprehensive reconstruction and economic reform program.",
    "The government remains committed to its economic and financial program monitored by IMF staff.",
    "Continuation of an appropriately restrained monetary stance, supported by a tight fiscal position, is important to:",
    "Fiscal policy:",
    "Monetary policy:",
    "Reconstruction and reform strategy:",
    "Subjects: Agricultural commodities, Arrears, Banking, Commercial banks, Commodities, Currencies, Expenditure, External debt, Financial institutions",
    "Keywords: Africa, Agricultural commodities, Arrears, banking system, civil war, Commercial banks, CR, expenditure, expenditure overrun, financial support, government, ISCR, Liberian authorities, U.S. dollar",
    "**Liberia: Staff Report for the 1999 Article IV Consultation and Staff-Monitored Program- ISCR/00/52**"
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