{
  "title": "Liberia: Third Review under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Liberia",
  "publication": "IMF Staff Country Reports, December 10, 2021",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2021/12/10/liberia-third-review-under-the-extended-credit-facility-arrangement-and-request-for-waivers-510906",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2021/12/10/liberia-third-review-under-the-extended-credit-facility-arrangement-and-request-for-waivers-510906",
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  "summary": "Ensuring macroeconomic stability, providing a foundation for sustainable and inclusive growth, and addressing weak governance are the tenets of the ECF-supported program.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Ensuring macroeconomic stability, providing a foundation for sustainable and inclusive growth, and addressing weak governance are the tenets of the ECF-supported program.\n- The COVID-19 pandemic was a painful setback, but economic activity should recover by end-2021 and prospects for growth in 2022 are favorable.\n- Prudent monetary and fiscal policies allowed inflation to decline into the single digits.\n- The authorities are addressing disruptive currency shortages through a comprehensive currency changeover operation.\n- The SDR allocation provides timely room for supportive policies without compromising macroeconomic stability.\n- The authorities remain committed to their reform program and generally continue to implement the necessary measures."
    },
    {
      "heading": "Key findings and indicators",
      "content": "- Publication date: December 10, 2021\n- Pages: 91\n- Volume: 2021\n- Issue: 264\n- Series: Country Report No. 2021/264\n- DOI: https://doi.org/10.5089/9781616355685.002\n- Stock No: 1LBREA2021003\n- ISBN: 9781616355685\n- ISSN: 1934-7685"
    },
    {
      "heading": "Macroeconomic outlook and policy stance",
      "content": "- Near-term recovery:\n  - Economic activity should recover by end-2021.\n  - Prospects for growth in 2022 are favorable.\n- Inflation:\n  - Prudent monetary and fiscal policies allowed inflation to decline into the single digits.\n- External support and reserves:\n  - The SDR allocation provides timely room for supportive policies without compromising macroeconomic stability.\n- Currency management:\n  - Authorities are addressing disruptive currency shortages through a comprehensive currency changeover operation."
    },
    {
      "heading": "Governance, reforms, and program implementation",
      "content": "- Program pillars:\n  - Macroeconomic stability, sustainable and inclusive growth, and addressing weak governance.\n- Reform commitment:\n  - Authorities remain committed to their reform program and generally continue to implement the necessary measures."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Budget planning and preparation, Central banks, Currencies, External debt, International organization, International reserves, Monetary policy, Money, Public debt, Public financial management (PFM)\n- Keywords: Africa, arrears-payment strategy, asset declaration regime, Budget planning and preparation, containment effort, Currencies, Global, International reserves, Liberian authorities, reform program, Sub-Saharan Africa\n\nInternational Monetary Fund. Liberia: Third Review under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Liberia, December 10, 2021, Country Report No. 2021/264.\n\n---\n\n Content in this bundle\n\n- 1lbrea2021003\n  - 1lbrea2021003 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1lbrea2021003 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 10, 2021",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781616355685.002",
    "Ensuring macroeconomic stability, providing a foundation for sustainable and inclusive growth, and addressing weak governance are the tenets of the ECF-supported program.",
    "The COVID-19 pandemic was a painful setback, but economic activity should recover by end-2021 and prospects for growth in 2022 are favorable.",
    "Prudent monetary and fiscal policies allowed inflation to decline into the single digits.",
    "The authorities are addressing disruptive currency shortages through a comprehensive currency changeover operation.",
    "The SDR allocation provides timely room for supportive policies without compromising macroeconomic stability.",
    "The authorities remain committed to their reform program and generally continue to implement the necessary measures.",
    "Publication date: December 10, 2021",
    "Pages: 91",
    "Volume: 2021",
    "Issue: 264",
    "Series: Country Report No. 2021/264",
    "DOI: https://doi.org/10.5089/9781616355685.002",
    "Stock No: 1LBREA2021003",
    "ISBN: 9781616355685",
    "ISSN: 1934-7685",
    "Near-term recovery:",
    "Inflation:",
    "External support and reserves:",
    "Currency management:",
    "Program pillars:",
    "Reform commitment:",
    "Subject: Budget planning and preparation, Central banks, Currencies, External debt, International organization, International reserves, Monetary policy, Money, Public debt, Public financial management (PFM)",
    "Keywords: Africa, arrears-payment strategy, asset declaration regime, Budget planning and preparation, containment effort, Currencies, Global, International reserves, Liberian authorities, reform program, Sub-Saharan Africa",
    "**1lbrea2021003**"
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