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

Preview Citation

Format: Chicago

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, (USA: International Monetary Fund, 2021) accessed December 25, 2024

Summary

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. While 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.

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

Publication Details

Pages:

91
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/264
Stock No:

1LBREA2021003
ISBN:

9781616355685
ISSN:

1934-7685

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