Liberia: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Liberia

International Monetary Fund

No 2018/172, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2018 Article IV Consultation highlights that Liberia’s economy appears poised for recovery, as growth bottomed out in 2016 and edged to 2.5 percent in 2017. However, Liberia remains fragile with poor living conditions for the majority of the population. Moreover, a decline in aid inflows, which were elevated during 2014–16, has put pressure on the exchange rate and fiscal resources. The government is thus facing the daunting task of pursuing a demanding development agenda in the face of high expectations. Assuming the implementation of sound policies, the medium-term outlook appears favorable. The main upside risk is an increase in commodity prices and output, while downside risks include difficulties in mobilizing resources to fill the financing gap and in pursuing structural and institutional reforms.

Keywords: ISCR; CR; authority; debt; managed float regime; real GDP; Liberian authorities; managed float exchange rate regime; authorities' objective; clearing government obligation; Debt sustainability; Commercial banks; West Africa; Global; Middle East (search for similar items in EconPapers)
Pages: 112
Date: 2018-06-15
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