Liberia: Second Review Under the Extended Credit Facility Arrangement and Request for Waiver of Nonobservance of Performance Criteria and Modification of a Performance Criteria
December 19, 2013
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This paper discusses Liberia’s Second Review Under the Extended Credit Facility (ECF) Arrangement and Request for Waiver of Nonobservance of Performance Criteria and Modification of a Performance Criterion. Program performance has weakened relative to the previous review, as well as the former ECF-supported arrangement. Three out of six performance criteria and two out of four indicative targets were missed. The IMF staff supports the completion of the second review of the ECF arrangement and the authorities’ request for waivers of performance criteria and modification of the domestic financing performance criterion.
Subject: Credit, Expenditure, External debt, Money, National accounts, Public debt, Public investment and public-private partnerships (PPP)
Keywords: authority, CR, Credit, ECF arrangement, end-December target, IMF's Executive Board, ISCR, Liberian authorities, Public investment and public-private partnerships (PPP), real GDP, revenue collection, Sub-Saharan Africa, West Africa
Pages:
106
Volume:
2013
DOI:
Issue:
365
Series:
Country Report No. 2013/365
Stock No:
1LBREA2013002
ISBN:
9781484311523
ISSN:
1934-7685
