Liberia: Staff Report for the 2002 Article IV Consultation, Overdue Financial Obligations to the Fund—Review Following Declaration of Ineligibility, and Decision on Suspension of Voting and Related Rights

International Monetary Fund

No 2003/274, IMF Staff Country Reports from International Monetary Fund

Abstract: The civil war in Liberia has resulted in the destruction of most of its infrastructure. Executive Directors noted the weak revenue performance, the lack of progress on fiscal transparency and accountability, and the poor control and prioritization of government spending. They emphasized the need to address governance, accelerate structural reforms, increase revenue, and improve fiscal transparency. In view of all this, Executive Directors agreed that the procedure to suspend Liberia's voting and related rights in the IMF should be initiated.

Keywords: ISCR; CR; Fund; voting right; staff appraisal; audit firm Pannel Kerr Foster; Inc; right; audit firm Pannel Kerr Foster; Inc; Liberia's voting right; Liberian authorities; IMF pamphlet series No. 45; Agricultural commodities; Arrears; Agroindustries; Africa; West Africa; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 64
Date: 2003-09-03
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