Liberia: Staff Report for the 2005 Article IV Consultation

International Monetary Fund

No 2005/166, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; governance; governance issue; deficit; economy; Liberian authorities; successor government; implementation capacity; stagnating export; reform agenda; government position; Exports; Currencies; Current account balance; International reserves; Sub-Saharan Africa; Global (search for similar items in EconPapers)
Pages: 48
Date: 2005-05-20
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