Liberia: Second Review Under the Extended Credit Facility Arrangement and Request for Waiver of Nonobservance of Performance Criteria and Modification of a Performance Criteria

International Monetary Fund

No 2013/365, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Liberia’s Second Review Under the Extended Credit Facility (ECF) Arrangement and Request for Waiver of Nonobservance of Performance Criteria and Modification of a Performance Criterion. Program performance has weakened relative to the previous review, as well as the former ECF-supported arrangement. Three out of six performance criteria and two out of four indicative targets were missed. The IMF staff supports the completion of the second review of the ECF arrangement and the authorities’ request for waivers of performance criteria and modification of the domestic financing performance criterion.

Keywords: ISCR; CR; ECF arrangement; authority; real GDP; end-December target; IMF's Executive Board; revenue collection; Liberian authorities; Credit; Public investment and public-private partnerships (PPP); West Africa; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 106
Date: 2013-12-19
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