Liberia: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Liberia

International Monetary Fund

No 2019/169, IMF Staff Country Reports from International Monetary Fund

Abstract: Liberia remains a fragile, post-conflict country with weak capacity and limited physical and human capital accumulation. External assistance to Liberia is winding down from its peak in 2016. To address pressing needs, the government launched its Pro-Poor Agenda for Prosperity and Development (PAPD), focusing on physical and human capital accumulation. Policy uncertainty and slippages, however, imposed a significant toll on the economy over the past two years. Particularly, higher fiscal deficits and accommodative monetary policy have led to rapid depreciation of the Liberia dollar and increased inflation, eroding the purchasing power of the poor.

Keywords: ISCR; CR; government; monetary policy; CBL financing; financing gap; CBL bill; IMF staff estimate; Liberian authorities; CBL lending to government; Debt sustainability analysis; Public and publicly-guaranteed external debt; Currencies; Global (search for similar items in EconPapers)
Pages: 92
Date: 2019-06-19
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