Liberia: Eighth Review Under the Three-Year Arrangement Under the Extended Credit Facility: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Liberia.
May 22, 2012
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This paper discusses key findings of the Eighth Review under the Extended Credit Facility for Liberia. Economic activity in Liberia remains on a solid upward trend. Inflation has nudged higher owing to rising international fuel prices and elevated food prices. The authorities’ immediate fiscal priorities are to contain discretionary current spending and bolster investment. All performance criteria and indicative targets under the program through December 2011 were observed. One structural benchmark for the Eighth Review was met while the other is in progress.
Subject: Expenditure, National accounts, Public debt, Public financial management (PFM), Revenue administration
Keywords: administration reform, CR, debt management policy, development agenda, Executive Board's discussion, fuel price shock, Global, government, ISCR, policy guidance, SDR, West Africa
Pages:
62
Volume:
2012
DOI:
Issue:
121
Series:
Country Report No. 2012/121
Stock No:
1LBREA2012003
ISBN:
9781475503852
ISSN:
1934-7685
