## 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](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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## Bibliographic details
- Published: May 20, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451822861.002

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### 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

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/liberia-staff-report-for-the-2005-article-iv-consultation-18268_