Liberia: Staff Report for the 2001 Article IV Consultation and Overdue Financial Obligations to the Fund—Review Following Declaration of Ineligibility
IMF Staff Country Reports, July 18, 2002
Source details
- Canonical URL
- Liberia: Staff Report for the 2001 Article IV Consultation and Overdue Financial Obligations to the Fund—Review Following Declaration of Ineligibility
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Bibliographic details
- Published: July 18, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451822793.002
Summary findings
- This paper examines Liberia’s 2001 Article IV Consultation and Overdue Financial Obligations to the IMF.
- Liberia’s policy performance, as well as its relations with donors and creditors, has deteriorated since the conclusion of the last Article IV Consultation and the last post-ineligibility review.
- Payments to the IMF have become increasingly irregular, although relations with the World Bank remain in hiatus.
- IMF staff proposes that the Executive Board note the intention to initiate the procedure on the suspension of Liberia’s voting and related rights in the IMF.
Key policy recommendation
- IMF staff proposes that the Executive Board note the intention to initiate the procedure on the suspension of Liberia’s voting and related rights in the IMF.
Institutional and relationship issues
- Deterioration in policy performance and donor/creditor relations since the last Article IV Consultation and post-ineligibility review.
- Increasing irregularity of payments to the IMF.
- Relations with the World Bank remain in hiatus.
Subject coverage and keywords
- Subject: Agricultural commodities, Arrears, Balance of payments, Commodities, Current account balance, External debt, Income, National accounts
- Keywords: Agricultural commodities, Arrears, authority, CR, Current account balance, exchange regime, government, government bank accounts, government control, government net, Income, ISCR, Liberia, Liberian authorities, Sub-Saharan Africa, U.S. dollar