{
  "title": "Liberia: Seventh and Eighth Reviews Under the Extended Credit Facility Arrangement, and Request for Nonobservance of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Liberia",
  "publication": "IMF Staff Country Reports, November 20, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/11/21/liberia-seventh-and-eighth-reviews-under-the-extended-credit-facility-arrangement-and-45407",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2017/11/21/liberia-seventh-and-eighth-reviews-under-the-extended-credit-facility-arrangement-and-45407",
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  "summary": "This paper discusses Liberia’s Seventh and Eighth Reviews under the Extended Credit Facility Arrangement, and Request for Waiver of Nonobservance of Performance Criteria (PCs). Three of six structural benchmarks (SBs) for the seventh review and two of four SBs for the eighth review were met.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Discusses Liberia’s Seventh and Eighth Reviews under the Extended Credit Facility Arrangement, and Request for Waiver of Nonobservance of Performance Criteria (PCs).\n- IMF staff supports the authorities’ request for waivers for nonobservance of PCs and supports completion of the seventh and eighth program reviews.\n- Risks are concentrated in the near term.\n- Based on the strength of the authorities’ policy commitments and corrective measures, staff recommendation is positive."
    },
    {
      "heading": "Key findings and implementation status",
      "content": "- Structural benchmarks (SBs) and performance:\n  - Seventh review: Three of six structural benchmarks (SBs) were met.\n  - Eighth review: Two of four structural benchmarks (SBs) were met.\n  - The rest of the SBs, except one, were met with a delay.\n- Program support:\n  - IMF staff supports waivers for nonobservance of performance criteria (PCs).\n  - IMF staff supports completion of the seventh and eighth program reviews."
    },
    {
      "heading": "Risks and staff assessment",
      "content": "- Near-term risks: Risks are concentrated in the near term.\n- Staff judgment: Support for waivers and review completion is grounded in the authorities’ policy commitments and corrective measures.\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: November 20, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484328316.002",
    "Discusses Liberia’s Seventh and Eighth Reviews under the Extended Credit Facility Arrangement, and Request for Waiver of Nonobservance of Performance Criteria (PCs).",
    "IMF staff supports the authorities’ request for waivers for nonobservance of PCs and supports completion of the seventh and eighth program reviews.",
    "Risks are concentrated in the near term.",
    "Based on the strength of the authorities’ policy commitments and corrective measures, staff recommendation is positive.",
    "Structural benchmarks (SBs) and performance:",
    "Program support:",
    "Near-term risks: Risks are concentrated in the near term.",
    "Staff judgment: Support for waivers and review completion is grounded in the authorities’ policy commitments and corrective measures.",
    "**Country Report**"
  ],
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