Liberia: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Liberia

June 19, 2019

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Format: Chicago

Liberia: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Liberia, (USA: International Monetary Fund, 2019) accessed September 18, 2024

Summary

Liberia remains a fragile, post-conflict country with weak capacity and limited physical and human capital accumulation. External assistance to Liberia is winding down from its peak in 2016. To address pressing needs, the government launched its Pro-Poor Agenda for Prosperity and Development (PAPD), focusing on physical and human capital accumulation. Policy uncertainty and slippages, however, imposed a significant toll on the economy over the past two years. Particularly, higher fiscal deficits and accommodative monetary policy have led to rapid depreciation of the Liberia dollar and increased inflation, eroding the purchasing power of the poor.

Subject: Banking, Currencies, Debt sustainability analysis, External debt, Money, Public and publicly-guaranteed external debt, Public debt

Keywords: CBL bill, CBL financing, CBL lending to government, CR, Currencies, Debt sustainability analysis, Financing gap, Global, Government, IMF staff estimate, ISCR, Liberian authorities, Monetary policy, Public and publicly-guaranteed external debt

Publication Details

Pages:

92
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/169
Stock No:

1LBREA2019001
ISBN:

9781498320467
ISSN:

1934-7685

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