{
  "title": "Liberia: Staff Report for the 2005 Article IV Consultation",
  "publication": "IMF Staff Country Reports, May 20, 2005",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/liberia-staff-report-for-the-2005-article-iv-consultation-18268",
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  "summary": "This 2005 Article IV Consultation highlights that 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.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- 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.\n- Prices, particularly of food items, have stabilized as supply constraints eased.\n- The exchange rate has returned to pre-conflict levels.\n- Official reserves increased modestly from low levels.\n- For 2005, the economic recovery is expected to strengthen, underpinned by continued consolidation of the security situation and reconstruction activities."
    },
    {
      "heading": "Summary findings",
      "content": "- Real GDP: Rebound in 2004 after steep decline in H2 2003.\n- Prices: Stabilization, with emphasis on food items as supply constraints eased.\n- Exchange rate: Returned to pre-conflict levels.\n- Official reserves: Increased modestly from low levels.\n- 2005 outlook: Recovery expected to strengthen due to security consolidation and reconstruction."
    },
    {
      "heading": "Key subjects and keywords",
      "content": "- Subject: Balance of payments, Banking, Central banks, Currencies, Current account balance, Exports, International reserves, International trade, Money, Public debt\n- 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\n\n---\n\n Content in this bundle\n\n- cr05166\n  - cr05166 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr05166 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: May 20, 2005",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451822861.002",
    "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.",
    "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.",
    "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",
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