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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
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2010: Issue 199
Language:
English
Publication Date:
08 Jul 2010
DOI:
https://doi.org/10.5089/9781455202478.002
ISBN:
9781455202478
ISSN:
1934-7685
Pages:
65
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
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund