Liberia: 2025 Article IV Consultation and Second Review Under the Extended Credit Facility Arrangement and Request for a Waiver of Nonobservance of a Continuous Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Liberia

International Monetary Fund

No 2025/290, IMF Staff Country Reports from International Monetary Fund

Abstract: On September 25, 2024, the Board approved a forty-month arrangement under the Extended Credit Facility to support the authorities’ new 5-year development plan Arrest Agenda for Inclusive Development (AAID). The overarching objective of this plan is to preserve macroeconomic stability, by restoring fiscal and debt sustainability, enhancing financial sector stability, and mobilizing additional external resources to address large infrastructure gaps. While Liberia has benefited from significant amounts of external support, the recent termination of the USAID support calls for more efforts to raise revenues and catalyze donor financing. The authorities’ policy actions in the first year of the program have yielded satisfactory results. The fiscal primary balance has improved substantially through increasing tax revenues and rationalizing recurrent spending; and reforms in other areas have advanced, although at a slower pace than previously envisaged.

Keywords: staff appraisal; NIR target floor; program ceiling; exceeded program floor; staff report; Debt sustainability; Debt service; Global; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 149
Date: 2025-11-07
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=571594 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2025/290

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().