Liberia: Third Review Under the Extended Credit Facility Arrangement and Request for Waiver of Nonobservance of Performance Criterion and Modification of Performance Criteria

July 11, 2014

Preview Citation

Format: Chicago

Liberia: Third Review Under the Extended Credit Facility Arrangement and Request for Waiver of Nonobservance of Performance Criterion and Modification of Performance Criteria, (USA: International Monetary Fund, 2014) accessed December 22, 2024

Summary

This paper focuses on Liberia’s Third Review Under the Extended Credit Facility (ECF) Arrangement and Request for Waiver of Nonobservance of Performance Criterion (PC) and Modification of Performance Criteria. Real GDP grew at 8.7 percent in 2013 and is projected to decline to 5.9 percent in 2014 as mining production decelerates. Most end-December 2013 PCs and indicative targets (ITs) were met, except for the PC on government revenue and the IT on external borrowing. Four out of five structural benchmarks were met on time. The IMF staff supports the completion of the third ECF review.

Subject: Budget planning and preparation, External debt, National accounts, Public and publicly-guaranteed external debt, Public debt, Public financial management (PFM)

Keywords: Budget planning and preparation, CR, Creating flow, Debt, Development needs, GDP, Growth performance, IMF's executive board, ISCR, Loan, Real GDP, Sub-Saharan Africa, Sustainability framework, West Africa

Publication Details

Pages:

96
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/197
Stock No:

1LBREA2014001
ISBN:

9781498354660
ISSN:

1934-7685

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