{
  "title": "Liberia: Enhanced Initiative for Heavily Indebted Poor Countries-Completion Point Document and Multilateral Debt Relief Initiative",
  "publication": "IMF Staff Country Reports, July 6, 2010",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/liberia-enhanced-initiative-for-heavily-indebted-poor-countries-completion-point-document-24015",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/31/liberia-enhanced-initiative-for-heavily-indebted-poor-countries-completion-point-document-24015",
  "overlayPath": "/en/publications/cr/issues/2016/12/31/liberia-enhanced-initiative-for-heavily-indebted-poor-countries-completion-point-document-24015/index.md",
  "summary": "The Liberia Poverty Reduction Strategy (LPRS) was completed in March 2008. Since reaching the decision point in March 2008, Liberia has maintained macroeconomic stability. The global financial crisis adversely impacted Liberia shortly after the LPRS was released.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- The Liberia Poverty Reduction Strategy (LPRS) was completed in March 2008.\n- Since reaching the decision point in March 2008, Liberia has maintained macroeconomic stability.\n- The global financial crisis adversely impacted Liberia shortly after the LPRS was released: investments were postponed, and export revenues were sharply reduced in the rubber sector as external demand weakened.\n- The authorities’ strict adherence to a cash-based balanced budget, in place since February 2006, has contributed substantially to regaining fiscal discipline, putting debt on a downward path while also increasing pro-poor expenditures."
    },
    {
      "heading": "Key findings and analysis",
      "content": "- Macroeconomic stability maintained since the decision point in March 2008.\n- External shock: global financial crisis led to postponed investments and sharply reduced rubber export revenues.\n- Fiscal policy: cash-based balanced budget in place since February 2006 was central to regaining fiscal discipline.\n- Debt trajectory: fiscal discipline has contributed to placing debt on a downward path.\n- Social spending: fiscal consolidation accompanied by increases in pro-poor expenditures."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subjects:\n  - Asset and liability management\n  - Debt management\n  - Debt relief\n  - Debt service\n  - External debt\n  - Financial institutions\n  - Government debt management\n  - Public financial management (PFM)\n  - Stocks\n- Keywords:\n  - CR\n  - debt forgiveness\n  - Debt management\n  - Debt relief\n  - Debt service\n  - exchange rate\n  - Global\n  - Government debt management\n  - HIPC assistance\n  - ISCR\n  - Liberian authorities\n  - PFM reform agenda\n  - present value\n  - Stocks\n  - Sub-Saharan Africa\n\n---\n\n Content in this bundle\n\n- cr10192 - Executive Summary\n  - cr10192 - Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr10192 - Executive Summary (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2016/12/31/liberia-enhanced-initiative-for-heavily-indebted-poor-countries-completion-point-document-24015/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2016/12/31/liberia-enhanced-initiative-for-heavily-indebted-poor-countries-completion-point-document-24015/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2016/12/31/liberia-enhanced-initiative-for-heavily-indebted-poor-countries-completion-point-document-24015/bundle-manifest.json)",
    "Published: July 6, 2010",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781455202447.002",
    "The Liberia Poverty Reduction Strategy (LPRS) was completed in March 2008.",
    "Since reaching the decision point in March 2008, Liberia has maintained macroeconomic stability.",
    "The global financial crisis adversely impacted Liberia shortly after the LPRS was released: investments were postponed, and export revenues were sharply reduced in the rubber sector as external demand weakened.",
    "The authorities’ strict adherence to a cash-based balanced budget, in place since February 2006, has contributed substantially to regaining fiscal discipline, putting debt on a downward path while also increasing pro-poor expenditures.",
    "Macroeconomic stability maintained since the decision point in March 2008.",
    "External shock: global financial crisis led to postponed investments and sharply reduced rubber export revenues.",
    "Fiscal policy: cash-based balanced budget in place since February 2006 was central to regaining fiscal discipline.",
    "Debt trajectory: fiscal discipline has contributed to placing debt on a downward path.",
    "Social spending: fiscal consolidation accompanied by increases in pro-poor expenditures.",
    "Subjects:",
    "Keywords:",
    "**_cr10192 - Executive Summary**"
  ],
  "related": [
    {
      "title": "_cr10192 - Executive Summary",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2010/_cr10192.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2010/_cr10192.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2010/_cr10192.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2016/12/31/liberia-enhanced-initiative-for-heavily-indebted-poor-countries-completion-point-document-24015/index.md",
    "json": "/en/publications/cr/issues/2016/12/31/liberia-enhanced-initiative-for-heavily-indebted-poor-countries-completion-point-document-24015/index.json",
    "bundleManifest": "/en/publications/cr/issues/2016/12/31/liberia-enhanced-initiative-for-heavily-indebted-poor-countries-completion-point-document-24015/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-13T06:34:06.938Z"
}