{
  "title": "Liberia: First Review of Performance Under the Staff-Monitored Program",
  "publication": "IMF Staff Country Reports, November 20, 2006",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/liberia-first-review-of-performance-under-the-staff-monitored-program-20122",
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  "summary": "Economic developments are broadly in line with the original program projections for the year. The authorities have made considerable progress in implementing the IMF staff-monitored program (SMP), and the program is broadly on track.",
  "sections": [
    {
      "heading": "Program implementation and overall performance",
      "content": "- Economic developments are broadly in line with the original program projections for the year.\n- The authorities have made considerable progress in implementing the IMF staff-monitored program (SMP).\n- The program is broadly on track.\n- Serious capacity constraints affect the ability of the authorities to achieve all of the objectives."
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    {
      "heading": "Fiscal and revenue developments",
      "content": "- Substantial efforts to improve revenue administration raised revenue by 18 percent in February-June 2006, compared with the corresponding period in 2005."
    },
    {
      "heading": "Monetary and central bank developments",
      "content": "- The financial position of the Central Bank of Liberia (CBL) improved."
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      "content": "- Arrears\n- Expenditure\n- External debt\n- Foreign exchange\n- Monetary base\n- Money\n- Public financial management (PFM)"
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    "Published: November 20, 2006",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451822908.002",
    "Economic developments are broadly in line with the original program projections for the year.",
    "The authorities have made considerable progress in implementing the IMF staff-monitored program (SMP).",
    "The program is broadly on track.",
    "Serious capacity constraints affect the ability of the authorities to achieve all of the objectives.",
    "Substantial efforts to improve revenue administration raised revenue by 18 percent in February-June 2006, compared with the corresponding period in 2005.",
    "The financial position of the Central Bank of Liberia (CBL) improved.",
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