Liberia: Enhanced Initiative for Heavily Indebted Poor Countries: Decision Point Document, Debt Sustainability Analysis, and Staff Supplement

International Monetary Fund

No 2008/106, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents an assessment of Liberia’s eligibility and qualification for assistance under the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The macroeconomic framework underlying the Debt Relief Analysis (DRA) in this paper was updated to reflect discussions on the policy framework underlying a proposed three-year Poverty Reduction and Growth Facility/Extended Fund Facility (PRGF/EFF)-supported program. Finally, this study discusses the floating completion point triggers. Fiscal policy has been anchored on a balanced cash-based budget. The government has also implemented other measures to address long-standing problems in financial management and economic governance.

Keywords: ISCR; CR; debt; real GDP; NPV; deficit; HIPC Initiative; U.S. dollar; burden indicator; IMF debt Sustainability analysis; C. debt sustainability; creating flow; beyond-HIPC assistance; GDP deflator; exchange rate; Debt relief; Debt service; Arrears; Africa; West Africa (search for similar items in EconPapers)
Pages: 75
Date: 2008-03-20
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