Liberia: Staff Report for the 2005 Article IV Consultation
IMF Staff Country Reports, May 20, 2005
Source details
- Canonical URL
- Liberia: Staff Report for the 2005 Article IV Consultation
Other formats
Bibliographic details
- Published: May 20, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451822861.002
Overview
- Liberia’s real GDP rebounded in 2004, following a steep decline in the second half of 2003 on account of the hostilities and the imposition of the United Nations ban on timber exports.
- Prices, particularly of food items, have stabilized as supply constraints eased.
- The exchange rate has returned to pre-conflict levels.
- Official reserves increased modestly from low levels.
- For 2005, the economic recovery is expected to strengthen, underpinned by continued consolidation of the security situation and reconstruction activities.
Summary findings
- Real GDP: Rebound in 2004 after steep decline in H2 2003.
- Prices: Stabilization, with emphasis on food items as supply constraints eased.
- Exchange rate: Returned to pre-conflict levels.
- Official reserves: Increased modestly from low levels.
- 2005 outlook: Recovery expected to strengthen due to security consolidation and reconstruction.
Key subjects and keywords
- Subject: Balance of payments, Banking, Central banks, Currencies, Current account balance, Exports, International reserves, International trade, Money, Public debt
- Keywords: CR, Currencies, Current account balance, deficit, economy, Exports, Global, governance, governance issue, government position, implementation capacity, International reserves, ISCR, Liberian authorities, reform agenda, stagnating export, Sub-Saharan Africa, successor government