Liberia: Staff Report for the 2002 Article IV Consultation, Overdue Financial Obligations to the Fund—Review Following Declaration of Ineligibility, and Decision on Suspension of Voting and Related Rights

September 3, 2003

Preview Citation

Format: Chicago

Liberia: Staff Report for the 2002 Article IV Consultation, Overdue Financial Obligations to the Fund—Review Following Declaration of Ineligibility, and Decision on Suspension of Voting and Related Rights, (USA: International Monetary Fund, 2003) accessed December 23, 2024

Summary

The civil war in Liberia has resulted in the destruction of most of its infrastructure. Executive Directors noted the weak revenue performance, the lack of progress on fiscal transparency and accountability, and the poor control and prioritization of government spending. They emphasized the need to address governance, accelerate structural reforms, increase revenue, and improve fiscal transparency. In view of all this, Executive Directors agreed that the procedure to suspend Liberia's voting and related rights in the IMF should be initiated.

Subject: Agricultural commodities, Agroindustries, Arrears, Commodities, Currencies, Economic sectors, Expenditure, External debt, Public debt

Keywords: Africa, Agricultural commodities, Agroindustries, Arrears, Audit firm Pannel Kerr Foster, Audit firm Pannel Kerr Foster, CR, Fund, IMF pamphlet series No. 45, Inc, Inc, ISCR, Liberian authorities, Liberia's voting right, Right, Staff appraisal, Sub-Saharan Africa, Voting right, West Africa

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/274
Stock No:

1LBREA0012003
ISBN:

9781451822809
ISSN:

1934-7685

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