Liberia: Poverty Reduction and Growth Strategy
IMF Staff Country Reports, January 8, 2021
Source details
- Canonical URL
- Liberia: Poverty Reduction and Growth Strategy
Other formats
Bibliographic details
- Published: January 8, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513566313.002
Summary and purpose
- The Pro-Poor Agenda for Prosperity and Development 2018 to 2023 (PAPD) is the second in the series of 5-year National Development Plans (NDP) under the Liberia Vision 2030 framework.
- PAPD follows the Agenda for Transformation 2012-2017 (AfT) and is informed by lessons from the Interim Poverty Reduction Strategy 2007 (iPRS) and the Poverty Reduction Strategy (2008-2011).
- Core objective: translate Liberia's endowments into inclusive development by addressing human capital, infrastructure, and inequality constraints.
Key findings and diagnostics
- Liberia is rich in human and natural resources.
- Development is constrained because human capital lacks the knowledge to transform natural resources into wealth through farming, mining, fishing, or other productive ventures that require technology or financial investments.
- Relative capital composition:
- Relatively rich in natural capital.
- Relatively poor in human capital and produced capital compared with peers.
- Binding constraints to future growth and prosperity:
- A legacy of entrenched inequality in access to development opportunities.
- Widespread infrastructure deficits.
- Pervasive poverty.
Thematic focus areas (as identified in the source)
- Education
- Health
- Infrastructure
- Labor
- Population and demographics
Keywords and analytical focus
- absolute poverty
- CR
- economic growth
- gross domestic product
- ISCR
- private sector
- real GDP
Content in this bundle
- Liberia: Poverty Reduction and Growth Strategy; IMF Country Report No. 21/10; November 30, 2020