Liberia: Staff Report for the 2005 Article IV Consultation

May 20, 2005

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Liberia: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed November 15, 2024

Summary

This 2005 Article IV Consultation highlights that Liberia’s real GDP rebounded in 2004, following a steep decline in the second half of 2003 on account of the hostilities and the imposition of the United Nations ban on timber exports. Prices, particularly of food items, have stabilized as supply constraints eased, and the exchange rate has returned to pre-conflict levels. Official reserves increased modestly from low levels. For 2005, the economic recovery is expected to strengthen, underpinned by continued consolidation of the security situation and reconstruction activities.

Subject: Balance of payments, Banking, Central banks, Currencies, Current account balance, Exports, International reserves, International trade, Money, Public debt

Keywords: CR, Currencies, Current account balance, Deficit, Economy, Exports, Global, Governance, Governance issue, Government position, Implementation capacity, International reserves, ISCR, Liberian authorities, Reform agenda, Stagnating export, Sub-Saharan Africa, Successor government

Publication Details

Pages:

48
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/166
Stock No:

1LBREA2005001
ISBN:

9781451822861
ISSN:

1934-7685

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