Liberia: Fourth Review Under the Three: Year Arrangement Under the Extended Credit Facility, Request for Modification of Performance Criteria, and Financing Assurances Review: Staff Report; Informational Annex; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Liberia

International Monetary Fund

No 2010/199, IMF Staff Country Reports from International Monetary Fund

Abstract: Political pressure for faster delivery of tangible economic results has mounted against a backdrop of slower-than-expected economic growth, job losses in some sectors, and delays in infrastructure provision. Macroeconomic performance weakened in 2009 owing to the global recession, but tentative signs of a turnaround have emerged. Banking sector capitalization improved, though profitability remains low. FY2010 budget execution is broadly on track despite resource shortfalls. Medium-term prospects are favorable based on foreign investment commitments and continued donor support for rebuilding infrastructure and institutions.

Keywords: ISCR; CR; authority; ECF arrangement; debt management strategy; banking supervision capacity; development agenda; Liberian authorities; Credit; Budget planning and preparation; Currencies; Global; West Africa (search for similar items in EconPapers)
Pages: 65
Date: 2010-07-08
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