Cover IMF Staff Country Reports
Liberia: Staff Report for the 2002 Article IV Consultation, Overdue Financial Obligations to the Fund—Review Following Declaration of Ineligibility, and Decision on Suspension of Voting and Related Rights
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2003: Issue 274
Language:
English
Publication Date:
03 Sep 2003
DOI:
https://doi.org/10.5089/9781451822809.002
ISBN:
9781451822809
ISSN:
1934-7685
Pages:
64
Keywords:
ISCR; CR; Fund; voting right; staff appraisal; audit firm Pannel Kerr Foster; Inc; right; audit firm Pannel Kerr Foster; Inc; Liberia's voting right; Liberian authorities; IMF pamphlet series No. 45; Agricultural commodities; Arrears; Agroindustries; Africa; West Africa; Sub-Saharan Africa
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The civil war in Liberia has resulted in the destruction of most of its infrastructure. Executive Directors noted the weak revenue performance, the lack of progress on fiscal transparency and accountability, and the poor control and prioritization of government spending. They emphasized the need to address governance, accelerate structural reforms, increase revenue, and improve fiscal transparency. In view of all this, Executive Directors agreed that the procedure to suspend Liberia's voting and related rights in the IMF should be initiated.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2003: Issue 274