Liberia: Fourth Review Under the Three: Year Arrangement Under the Extended Credit Facility, Request for Modification of Performance Criteria, and Financing Assurances Review: Staff Report; Informational Annex; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Liberia
July 8, 2010
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Political pressure for faster delivery of tangible economic results has mounted against a backdrop of slower-than-expected economic growth, job losses in some sectors, and delays in infrastructure provision. Macroeconomic performance weakened in 2009 owing to the global recession, but tentative signs of a turnaround have emerged. Banking sector capitalization improved, though profitability remains low. FY2010 budget execution is broadly on track despite resource shortfalls. Medium-term prospects are favorable based on foreign investment commitments and continued donor support for rebuilding infrastructure and institutions.
Subject: Budget planning and preparation, Credit, Currencies, Monetary base, Money, Public financial management (PFM), Revenue administration
Keywords: authority, banking supervision capacity, Budget planning and preparation, CR, Credit, Currencies, debt management strategy, development agenda, ECF arrangement, Global, ISCR, Liberian authorities, West Africa
Pages:
65
Volume:
2010
DOI:
Issue:
199
Series:
Country Report No. 2010/199
Stock No:
1LBREA2010005
ISBN:
9781455202478
ISSN:
1934-7685
