Liberia: Staff Report for the 2006 Article IV Consultation and Staff-Monitored Program
IMF Staff Country Reports, May 8, 2006
Source details
- Canonical URL
- Liberia: Staff Report for the 2006 Article IV Consultation and Staff-Monitored Program
Other formats
Bibliographic details
- Published: May 8, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451822885.002
Executive summary and macroeconomic context
- The economy continues its modest recovery, driven by donor-related expenditure and the resumption of activity in rural areas.
- The government has endorsed the Governance and Economic Management Assistance Program that aims to strengthen economic governance and financial management and rebuild Liberia’s key economic institutions.
- Reestablishment of confidence in these institutions is crucial to maintaining stability, securing sustained external support, and encouraging private investment.
Key findings
- Recovery drivers:
- donor-related expenditure
- resumption of activity in rural areas
- Governance and institutional reform:
- Endorsement of the Governance and Economic Management Assistance Program
- Focus on strengthening economic governance and financial management
- Rebuilding of key economic institutions emphasized as critical
- Policy environment implications:
- Reestablishment of confidence in institutions is linked to maintaining stability, securing sustained external support, and encouraging private investment
Policy priorities and reform agenda
- Strengthen economic governance and financial management through the Governance and Economic Management Assistance Program.
- Rebuild Liberia’s key economic institutions to reestablish confidence among stakeholders.
- Leverage donor-related expenditure and rural activity resumption to support broader reconstruction and private-sector recovery.
Subjects and keywords (as supplied)
- Subjects: Budget planning and preparation, Commercial banks, Currencies, Financial institutions, Foreign exchange, Monetary base, Money, Public debt, Public financial management (PFM)
- Keywords: anti-corruption strategy, Budget planning and preparation, Commercial banks, CR, Currencies, donor support, executive governor Mills Jones, governance, governance problem, government, government institution, IMF arrangement, ISCR, Liberia, Liberian authorities, processing line ministries expenditure, reconstruction effort, reform agenda, Republic of Liberia executive board meeting, spending, support fiscal policy effort, West Africa
International Monetary Fund. Liberia: Staff Report for the 2006 Article IV Consultation and Staff-Monitored Program (Country Report No. 2006/166), May 8, 2006.