## Liberia: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Liberia

_IMF Staff Country Reports, June 15, 2018_

## Source details

**Canonical URL:** [Liberia: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Liberia](https://www.imf.org/en/publications/cr/issues/2018/06/15/liberia-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-45991)

## Other formats

- [Markdown version](/en/publications/cr/issues/2018/06/15/liberia-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-45991/index.md)
- [Structured JSON version](/en/publications/cr/issues/2018/06/15/liberia-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-45991/index.json)
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## Bibliographic details
- Published: June 15, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484362006.002

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### Economic outlook and macroeconomic findings
- Liberia’s economy appears poised for recovery, with growth having bottomed out in 2016 and edging to 2.5 percent in 2017.
- The medium-term outlook appears favorable, conditional on the implementation of sound policies.
- The government faces a demanding development agenda amid high public expectations.

### Vulnerabilities and constraints
- Liberia remains fragile with poor living conditions for the majority of the population.
- A decline in aid inflows, which were elevated during 2014–16, has put pressure on the exchange rate and fiscal resources.
- Key downside risks include:
  - Difficulties in mobilizing resources to fill the financing gap.
  - Difficulties in pursuing structural and institutional reforms.

### Risks and scenarios
- Main upside risk:
  - An increase in commodity prices and output.
- Main downside risks:
  - Failure to mobilize adequate financing to close the financing gap.
  - Setbacks in structural and institutional reform implementation.

### Policy implications and priorities
- Implement sound macroeconomic policies to support the favorable medium-term outlook.
- Mobilize domestic and external resources to fill financing gaps and relieve fiscal pressure.
- Pursue structural and institutional reforms to reduce fragility and improve living conditions.

*Liberia: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Liberia*

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2018/cr18172.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2018/cr18172.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2018/06/15/liberia-2018-article-iv-consultation-press-release-staff-report-and-statement-by-the-45991_