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.
I. Liberia—Relations with the Fund
(As of April 30, 2010)
I. Membership Status: Joined March 28, 1962. Article XIV
II. General Resources Account
| SDR Million | % Quota | ||||
| Quota | 129.20 | 100.0 | |||
| Fund holdings of currency | 471.95 | 365.29 | |||
| Reserve position in Fund | 0.03 | 0.02 | |||
| Lending to the Fund | |||||
| Notes Issuance | |||||
| Holdings Exchange Rate | |||||
| SDR Million | % Quota | ||||
| Quota | 129.20 | 100.0 | |||
| Fund holdings of currency | 471.95 | 365.29 | |||
| Reserve position in Fund | 0.03 | 0.02 | |||
| Lending to the Fund | |||||
| Notes Issuance | |||||
| Holdings Exchange Rate | |||||
III. SDR Department:
| SDR Million | % Allocation | |
|---|---|---|
| Net cumulative allocation | 123.98 | 100.00 |
| Holdings | 128.49 | 103.64 |
| SDR Million | % Allocation | |
|---|---|---|
| Net cumulative allocation | 123.98 | 100.00 |
| Holdings | 128.49 | 103.64 |
IV. Outstanding Purchases and Loans
| SDR Million | % Quota | |
|---|---|---|
| Extended Arrangements | 342.77 | 265.30 |
| ECF Arrangements | 225.70 | 174.69 |
| SDR Million | % Quota | |
|---|---|---|
| Extended Arrangements | 342.77 | 265.30 |
| ECF Arrangements | 225.70 | 174.69 |
V. Latest Financial Arrangements
Formerly PRGF.
| Type | Date of Arrangement | Expiration Date | Amount Approved (SDR Million) | Amount Drawn (SDR Million) | ||
|---|---|---|---|---|---|---|
| ECF 1/ | Mar 14, 2008 | Mar 13, 2011 | 239.02 | 225.70 | ||
| EFF | Mar 14, 2008 | Sep 25, 2008 | 342.77 | 342.77 | ||
| Stand-By | Dec 07, 1985 | Dec 06, 1985 | 42.78 | 8.50 | ||
Formerly PRGF.
| Type | Date of Arrangement | Expiration Date | Amount Approved (SDR Million) | Amount Drawn (SDR Million) | ||
|---|---|---|---|---|---|---|
| ECF 1/ | Mar 14, 2008 | Mar 13, 2011 | 239.02 | 225.70 | ||
| EFF | Mar 14, 2008 | Sep 25, 2008 | 342.77 | 342.77 | ||
| Stand-By | Dec 07, 1985 | Dec 06, 1985 | 42.78 | 8.50 | ||
Formerly PRGF.
VI. Projected Payments to Fund (without HIPC Assistance)2/ (SDR Million; based on existing use of resources and present holdings of SDRs):
When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.
| Forthcoming | ||||||
|---|---|---|---|---|---|---|
| 2010 | 2011 | 2012 | 2013 | 2014 | ||
| Principal | 28.56 | 77.85 | 100.68 | |||
| Charges/Interest | 3.26 | 4.35 | 4.87 | 4.26 | 3.44 | |
| Total | 3.26 | 4.35 | 33.44 | 82.11 | 104.12 | |
When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.
| Forthcoming | ||||||
|---|---|---|---|---|---|---|
| 2010 | 2011 | 2012 | 2013 | 2014 | ||
| Principal | 28.56 | 77.85 | 100.68 | |||
| Charges/Interest | 3.26 | 4.35 | 4.87 | 4.26 | 3.44 | |
| Total | 3.26 | 4.35 | 33.44 | 82.11 | 104.12 | |
When a member has overdue financial obligations outstanding for more than three months, the amount of such arrears will be shown in this section.
Projected Payments to Fund: (with Board-approved HIPC Assistance)1 (SDR Million; based on existing use of resources and present holdings of SDRs):
| Forthcoming | |||||||
|---|---|---|---|---|---|---|---|
| 2010 | 2011 | 2012 | 2013 | 2014 | |||
| Principal | 28.56 | 77.85 | 100.68 | ||||
| Charges/Interest | 0.00 | 3.26 | 4.87 | 4.26 | 3.44 | ||
| Total | 0.00 | 3.26 | 33.44 | 82.11 | 104.12 | ||
| Forthcoming | |||||||
|---|---|---|---|---|---|---|---|
| 2010 | 2011 | 2012 | 2013 | 2014 | |||
| Principal | 28.56 | 77.85 | 100.68 | ||||
| Charges/Interest | 0.00 | 3.26 | 4.87 | 4.26 | 3.44 | ||
| Total | 0.00 | 3.26 | 33.44 | 82.11 | 104.12 | ||
VII. Implementation of HIPC Initiative:
Assistance committed under the original framework is expressed in net present value (NPV) terms at the completion point, and assistance committed under the enhanced framework is expressed in NPV terms at the decision point. Hence these two amounts can not be added.
Under the enhanced framework, an additional disbursement is made at the completion point corresponding to interest income earned on the amount committed at the decision point but not disbursed during the interim period.
| I. Commitment of HIPC assistance | Enhanced Framework | |||||
| Decision point date | Mar 2008 | |||||
| Assistance committed | ||||||
| by all creditors (US$ Million) 1 | 2,845.50 | |||||
| Of which: IMF assistance (US$ million) | 700.20 | |||||
| (SDR equivalent in millions) | 428.10 | |||||
| Completion point date | Floating | |||||
| II. Disbursement of IMF assistance (SDR Million) | ||||||
| Assistance disbursed to the member | 30.14 | |||||
| Interim assistance | 30.14 | |||||
| Completion point balance | -- | |||||
| Additional disbursement of interest income2/ | -- | |||||
| Total disbursements | 30.14 | |||||
Assistance committed under the original framework is expressed in net present value (NPV) terms at the completion point, and assistance committed under the enhanced framework is expressed in NPV terms at the decision point. Hence these two amounts can not be added.
Under the enhanced framework, an additional disbursement is made at the completion point corresponding to interest income earned on the amount committed at the decision point but not disbursed during the interim period.
| I. Commitment of HIPC assistance | Enhanced Framework | |||||
| Decision point date | Mar 2008 | |||||
| Assistance committed | ||||||
| by all creditors (US$ Million) 1 | 2,845.50 | |||||
| Of which: IMF assistance (US$ million) | 700.20 | |||||
| (SDR equivalent in millions) | 428.10 | |||||
| Completion point date | Floating | |||||
| II. Disbursement of IMF assistance (SDR Million) | ||||||
| Assistance disbursed to the member | 30.14 | |||||
| Interim assistance | 30.14 | |||||
| Completion point balance | -- | |||||
| Additional disbursement of interest income2/ | -- | |||||
| Total disbursements | 30.14 | |||||
Assistance committed under the original framework is expressed in net present value (NPV) terms at the completion point, and assistance committed under the enhanced framework is expressed in NPV terms at the decision point. Hence these two amounts can not be added.
Under the enhanced framework, an additional disbursement is made at the completion point corresponding to interest income earned on the amount committed at the decision point but not disbursed during the interim period.
VIII. Implementation of Multilateral Debt Relief Initiative (MDRI): Not Applicable
Decision point - point at which the IMF and the World Bank determine whether a country qualifies for assistance under the HIPC Initiative and decide on the amount of assistance to be committed.
Interim assistance - amount disbursed to a country during the period between decision and completion points, up to 20 percent annually and 60 percent in total of the assistance committed at the decision point (or 25 percent and 75 percent, respectively, in exceptional circumstances).
Completion point - point at which a country receives the remaining balance of its assistance committed at the decision point, together with an additional disbursement of interest income as defined in footnote 2 above. The timing of the completion point is linked to the implementation of pre-agreed key structural reforms (i.e., floating completion point).
IX. Safeguards Assessment
An update safeguards assessment of the Central Bank of Liberia (CBL) was completed in August 2008. The update found that the CBL had largely addressed the measures to increase transparency recommended by the 2007 interim safeguards assessment. Some significant risks remained, however, and were addressed subsequently, including the assumption of co-signing authority for CBL financial matters by the Fund-supported Special Advisor who completed his assignment at CBL in October 2009. The assessment also found that internal audit capacity was weak and that the Audit Committee was not exercising effective oversight of CBL financial reporting, audit, and control systems. A priority measure to engage its external auditor to conduct special periodic audits of the monetary data reported to the fund has been adopted by the bank. The most recent report for the six month ended in December 31, 2009, indicated some areas of improvements but noted that, overall, the monetary data submitted by the CBL are accurate and in compliance with TMU definitions, and that the CBL continues to make progress in improving aspects of its control environment. The CBL has also made progress in implementing other safeguards recommendations, including development of investment guidelines for CBL foreign exchange reserves. Staff will continue to monitor developments in the CBL’s safeguards framework.
X. Exchange Rate Arrangement
Liberia maintains an exchange rate system that is free of restrictions on payments for current and capital transfers. The currency of Liberia is the Liberian dollar. The U.S. dollar is also legal tender. The current exchange rate arrangement is a managed float, with no predetermined path for the exchange rate. The exchange rate of the Liberian dollar is market determined, and all foreign exchange dealers, including banks, are permitted to buy and sell currencies. The authorities manage the exchange rate with reference to the U.S. dollar, and the arrangement is classified as ‘other managed.’ Liberia’s exchange rate at end May 2010 was L$71.5=US$1.
XI. Article IV Consultation
The 2008 Article IV consultation discussions were held in Monrovia during October 20-31, 2008 in Monrovia. The staff report (Country Report No. 09/4, 1/13/09) was discussed by the Executive Board on December 22, 2008 and is posted on the IMF website.
XII. Technical Assistance 2008-10
| Subject | Department | Date |
| Mission: Tax policy for mining | FAD | Dec. 2007 |
| Mission: Customs administration | FAD | Jan. 2008 |
| Mission: Revenue administration/tax | ||
| administration | FAD | Apr. 2008 |
| Mission: Review of revenue administration | ||
| reforms and technical assistance needs | FAD | Feb. 2009 |
| Mission: PFM—drafting regulations | FAD | Feb./Mar. 2009 |
| Mission: Fiscal decentralization | FAD | Feb./Mar. 2009 |
| Resident expert: Balance of payments | STA | Jan. 2008 |
| Mission: Banking Supervision | MCM | Sept. 2008 |
| Mission: Accounting | MCM | Jan 2009 |
| Mission: Monetary Operations | MCM | Mar 2009 |
| Mission: GFS | STA | April/May 2009 |
| Mission: PFM Regulations drafting | FAD | May 2009 |
| Mission: Revenue Authority, customs and Tax | ||
| Tax Administration | FAD | May 2009 |
| Mission: Legal drafting | LEG | May 2009 |
| Mission: Foreign Exchange Operations | MCM | June 2009 |
| Mission: PFM | FAD | June 2009 |
| Mission: Accounting Standards | MCM | Aug/Sept. 2009 |
| Mission: Tax Administration | FAD | Sept. 2009 |
| Mission: Banking Supervision | MCM | Sept./Oct. 2009 |
| Mission: Monetary Operations | MCM | Oct. 2009 |
| Mission: Tax Policy | FAD | Nov. 2009 |
| Mission: Monetary Finance Statistics | STA | Mar. - Apr. 2010 |
| Mission: Monetary Operations | MCM | April, 2010 |
| Mission: National Accounts | STA | April, 2010 |
| Mission: Central Bank Accounting Standards | MCM | May 2010 |
| Other Resident Advisors during the period: | ||
| Banking Supervision | MCM | Feb. 2007–Aug. 2008 |
| Payment Systems | MCM | Apr. 2007–Oct. 2007 |
| Long-term Advisor for the CBL | MCM | Aug. 2007–Oct. 2009 |
| Public Financial Management | FAD | July 2008 - Present |
| Subject | Department | Date |
| Mission: Tax policy for mining | FAD | Dec. 2007 |
| Mission: Customs administration | FAD | Jan. 2008 |
| Mission: Revenue administration/tax | ||
| administration | FAD | Apr. 2008 |
| Mission: Review of revenue administration | ||
| reforms and technical assistance needs | FAD | Feb. 2009 |
| Mission: PFM—drafting regulations | FAD | Feb./Mar. 2009 |
| Mission: Fiscal decentralization | FAD | Feb./Mar. 2009 |
| Resident expert: Balance of payments | STA | Jan. 2008 |
| Mission: Banking Supervision | MCM | Sept. 2008 |
| Mission: Accounting | MCM | Jan 2009 |
| Mission: Monetary Operations | MCM | Mar 2009 |
| Mission: GFS | STA | April/May 2009 |
| Mission: PFM Regulations drafting | FAD | May 2009 |
| Mission: Revenue Authority, customs and Tax | ||
| Tax Administration | FAD | May 2009 |
| Mission: Legal drafting | LEG | May 2009 |
| Mission: Foreign Exchange Operations | MCM | June 2009 |
| Mission: PFM | FAD | June 2009 |
| Mission: Accounting Standards | MCM | Aug/Sept. 2009 |
| Mission: Tax Administration | FAD | Sept. 2009 |
| Mission: Banking Supervision | MCM | Sept./Oct. 2009 |
| Mission: Monetary Operations | MCM | Oct. 2009 |
| Mission: Tax Policy | FAD | Nov. 2009 |
| Mission: Monetary Finance Statistics | STA | Mar. - Apr. 2010 |
| Mission: Monetary Operations | MCM | April, 2010 |
| Mission: National Accounts | STA | April, 2010 |
| Mission: Central Bank Accounting Standards | MCM | May 2010 |
| Other Resident Advisors during the period: | ||
| Banking Supervision | MCM | Feb. 2007–Aug. 2008 |
| Payment Systems | MCM | Apr. 2007–Oct. 2007 |
| Long-term Advisor for the CBL | MCM | Aug. 2007–Oct. 2009 |
| Public Financial Management | FAD | July 2008 - Present |
XIII. Resident Representative
A resident representative has been posted in Monrovia since April 2, 2006. Mr. Sobolev assumed the position in July, 2009 replacing Mr. Tharkur.
II. Liberia—Joint World Bank-IMF Work Program, 2009–10
| Title | Products | Timing of mission | Expected delivery date | Status |
|---|---|---|---|---|
| A. Mutual information on relevant work programs | ||||
| 1. World Bank work program | 1. Pro-poor Growth - Policy Note | June 2009 | Sep. 2009 | Decision Meeting completed |
| 2. Third Reengagement and Reform Support Program (RRSPIII | October 2009 | May 2010 | Concept state | |
| 3. Liberia Poverty Assessment | January, 2010 | July 2010 | Concept stage | |
| 2. IMF work program | 1. Technical assistance with PFM strategy | Jun./Jul. 2009 | Sep. 2009 | Completed Oct 2009 |
| 2. Third Review of PRGF | Sep. - Oct. 2009 | Dec. 2009 | ||
| 3. Gleneagles scaling up model | Jul.-Aug. 2009 | Completed August 2009 | ||
| 4. Third Review of PRGF | April 2010 | Mid- 2010 | ||
| 5. Fourth Review of PRGF | Oct, 2010 | Dec., 2010 | ||
| 3. Work jointly performed | 1. Assist authorities with modernization of tax administration through ongoing advice (Fund) and preparation of automation (WB) | IMF mission Tax Administration Feb 2009. WB ITAS mission Feb. 2009 | Continuous | Ongoing |
| 2. Assist authorities with strengthening of public finance management: PFM law and regulations (Fund); PFM manuals & accounting manuals (WB). | Ongoing during 2009 | PFM law and regulations by end-Jun. 2009, manuals. | PFM approved | |
| 3. HIPC Completion Point Debt Reconciliation | Q4 2009 | At completion point. | Completed April, 2010 | |
| 4. Joint Workshop with senior legislatures on infrastructure financing and debt | April, 2010 | Mid-2010 | Mid- 2010 | |
| B. Requests for work program inputs | ||||
| Fund request to Bank | 1. Advise authorities on port rehabilitation project feasibility and execution risks | Second half 2009 | ||
| 2. Financing of debt management software and installation | Second half 2009 | Dec. 2009. | Completed April, 2010 | |
| Bank request to Fund | 1. Regular updates of performance under the Fund-supported program and macroeconomic projections. 2. IMF Relations Note for RRSPIII | Continuous May 2010 | ||
| Title | Products | Timing of mission | Expected delivery date | Status |
|---|---|---|---|---|
| A. Mutual information on relevant work programs | ||||
| 1. World Bank work program | 1. Pro-poor Growth - Policy Note | June 2009 | Sep. 2009 | Decision Meeting completed |
| 2. Third Reengagement and Reform Support Program (RRSPIII | October 2009 | May 2010 | Concept state | |
| 3. Liberia Poverty Assessment | January, 2010 | July 2010 | Concept stage | |
| 2. IMF work program | 1. Technical assistance with PFM strategy | Jun./Jul. 2009 | Sep. 2009 | Completed Oct 2009 |
| 2. Third Review of PRGF | Sep. - Oct. 2009 | Dec. 2009 | ||
| 3. Gleneagles scaling up model | Jul.-Aug. 2009 | Completed August 2009 | ||
| 4. Third Review of PRGF | April 2010 | Mid- 2010 | ||
| 5. Fourth Review of PRGF | Oct, 2010 | Dec., 2010 | ||
| 3. Work jointly performed | 1. Assist authorities with modernization of tax administration through ongoing advice (Fund) and preparation of automation (WB) | IMF mission Tax Administration Feb 2009. WB ITAS mission Feb. 2009 | Continuous | Ongoing |
| 2. Assist authorities with strengthening of public finance management: PFM law and regulations (Fund); PFM manuals & accounting manuals (WB). | Ongoing during 2009 | PFM law and regulations by end-Jun. 2009, manuals. | PFM approved | |
| 3. HIPC Completion Point Debt Reconciliation | Q4 2009 | At completion point. | Completed April, 2010 | |
| 4. Joint Workshop with senior legislatures on infrastructure financing and debt | April, 2010 | Mid-2010 | Mid- 2010 | |
| B. Requests for work program inputs | ||||
| Fund request to Bank | 1. Advise authorities on port rehabilitation project feasibility and execution risks | Second half 2009 | ||
| 2. Financing of debt management software and installation | Second half 2009 | Dec. 2009. | Completed April, 2010 | |
| Bank request to Fund | 1. Regular updates of performance under the Fund-supported program and macroeconomic projections. 2. IMF Relations Note for RRSPIII | Continuous May 2010 | ||
III. Liberia—Statistical Issues As of May 26, 2009
| I. Assessment of Data Adequacy for Surveillance | |
| General: Data have serious shortcomings that significantly hamper surveillance. Shortcomings are most serious in the areas of national accounts and balance of payments statistics, where Fund staff are obliged to estimate the historical data. | |
| National Accounts: Comprehensive national accounts data are not available. Fund staff estimate GDP by sector using the production approach and primary source data provided by the Liberia Institute of Statistics and Geo-Information Services. Estimates for GDP by expenditure are not available. Consequently, there is a high degree of uncertainty regarding estimates of the level and growth rate of real GDP, sectoral components, and all ratios to nominal GDP. The national business register and National Accounts questionnaires were established in December 2008. A second round of national accounts establishment survey has been completed after low response rate from the first one and data are being complied. The Fund is currently providing TA in this area and an upward revision of the GDP is expected after correcting for methodological issues. | |
| Price statistics: A consumer price index for Monrovia has been compiled since 2005. The Harmonized Consumer Price Index providing national coverage was officially adopted in 2007. | |
| Government finance statistics: The Ministry of Finance regularly provides AFR with monthly disaggregated data on government revenue and on government current and capital expenditure on a cash and commitment basis. However, there is a number of areas where the government finance statistics needs to be improved: reporting financing items and expenditures on domestic debt and arrears; lack of legal framework to collect statistics; limited data sharing and coordination among data producing agencies; inconsistent institutional coverage of the statistics with other datasets (e.g. national accounts and monetary statistics); omission of nonmonetary transactions; limited data on stocks of financial assets and liabilities; and incorrect reference exchange rate to covert data from Liberian dollars to USD. | |
| Monetary finance statistics: Data provision in this area is adequate for surveillance. The Central Bank of Liberia has made progress in adopting the statistical methodology recommended by the IMF’s Monetary and Financial Statistics Manual. A STA mission in March 2010 assisted authorities in compiling standardized report forms of monetary data and collecting data from commercial banks in accordance with the methodology in the Monetary and Financial Statistics Manual!. | |
| Balance of payments: Balance of payments reporting is not comprehensive, and Fund staff has to prepare provisional balance of payments statistics for surveillance. Although some progress in collecting and reporting of data have been made with STA support, there still remains several areas that need improvements: primary source data, compilation, and timeliness in data dissemination, especially for trade and services, FDI, government expenditures, remittances, and nonresident deposits data. | |
| II. Data Standards and Quality | |
| Liberia participates in the General Data Dissemination System (GDDS). | No data ROSC available. |
| III. Reporting to STA (Optional) | |
| The authorities report annual balance of payments data to the IFS and the BOPSY, but does not report the government statistics to the GFSY. | |
| I. Assessment of Data Adequacy for Surveillance | |
| General: Data have serious shortcomings that significantly hamper surveillance. Shortcomings are most serious in the areas of national accounts and balance of payments statistics, where Fund staff are obliged to estimate the historical data. | |
| National Accounts: Comprehensive national accounts data are not available. Fund staff estimate GDP by sector using the production approach and primary source data provided by the Liberia Institute of Statistics and Geo-Information Services. Estimates for GDP by expenditure are not available. Consequently, there is a high degree of uncertainty regarding estimates of the level and growth rate of real GDP, sectoral components, and all ratios to nominal GDP. The national business register and National Accounts questionnaires were established in December 2008. A second round of national accounts establishment survey has been completed after low response rate from the first one and data are being complied. The Fund is currently providing TA in this area and an upward revision of the GDP is expected after correcting for methodological issues. | |
| Price statistics: A consumer price index for Monrovia has been compiled since 2005. The Harmonized Consumer Price Index providing national coverage was officially adopted in 2007. | |
| Government finance statistics: The Ministry of Finance regularly provides AFR with monthly disaggregated data on government revenue and on government current and capital expenditure on a cash and commitment basis. However, there is a number of areas where the government finance statistics needs to be improved: reporting financing items and expenditures on domestic debt and arrears; lack of legal framework to collect statistics; limited data sharing and coordination among data producing agencies; inconsistent institutional coverage of the statistics with other datasets (e.g. national accounts and monetary statistics); omission of nonmonetary transactions; limited data on stocks of financial assets and liabilities; and incorrect reference exchange rate to covert data from Liberian dollars to USD. | |
| Monetary finance statistics: Data provision in this area is adequate for surveillance. The Central Bank of Liberia has made progress in adopting the statistical methodology recommended by the IMF’s Monetary and Financial Statistics Manual. A STA mission in March 2010 assisted authorities in compiling standardized report forms of monetary data and collecting data from commercial banks in accordance with the methodology in the Monetary and Financial Statistics Manual!. | |
| Balance of payments: Balance of payments reporting is not comprehensive, and Fund staff has to prepare provisional balance of payments statistics for surveillance. Although some progress in collecting and reporting of data have been made with STA support, there still remains several areas that need improvements: primary source data, compilation, and timeliness in data dissemination, especially for trade and services, FDI, government expenditures, remittances, and nonresident deposits data. | |
| II. Data Standards and Quality | |
| Liberia participates in the General Data Dissemination System (GDDS). | No data ROSC available. |
| III. Reporting to STA (Optional) | |
| The authorities report annual balance of payments data to the IFS and the BOPSY, but does not report the government statistics to the GFSY. | |
Liberia—Table of Common Indicators Required for Surveillance As of May 26, 2010
Any reserve assets that are pledged or otherwise encumbered should be specified separately. Also, data should comprise short-term liabilities linked to a foreign currency but settled by other means as well as the notional values of financial derivatives.
Foreign, domestic bank, and domestic nonbank financing.
The general government consists of the central government (budgetary funds, extrabudgetary funds, and social security funds) and state and local governments.
Includes external gross, financial asset and liabilities positions vis-à-vis non-residents.
Daily (D); weekly (W); bi monthly (B); monthly (M); quarterly (Q); Annually (A); irregular (I); and not available (NA).
Estimated by IMF staff and Liberian authorities.
| Date of latest observation | Date received | Frequency of Reporting5 | Frequency of Data5 | Frequency of publication5 | |
| Exchange Rates | Apr. 2010 | May 2010 | D | M | M |
| International Reserve Assets and Reserve Liabilities of the Monetary Authorities1 | Apr. 2010 | May 2010 | M | M | M |
| Reserve/Base Money | Apr. 2010 | May 2010 | M | M | M |
| Broad Money | Apr. 2010 | May 2010 | M | M | M |
| Central Bank Balance Sheet | Apr. 2010 | May 2010 | M | M | M |
| Consolidated Balance Sheet of the Banking System | Apr. 2010 | May 2010 | M | M | M |
| Interest Rates | Apr. 2010 | May 2010 | M | M | M |
| Consumer Price Index | Apr. 2010 | May 2010 | M | M | M |
| Revenue, Expenditure, Balance and Composition of Financing2 - General Government3 | Mar. 2010 | Apr. 2010 | M | M | M |
| Revenue, Expenditure, Balance and Composition of Financing2- Central Government | Mar. 2010 | Apr. 2010 | M | M | M |
| Stocks of Central Government and Central Government-Guaranteed Debt | Dec, 2009 | Feb. 2010 | Q | Q | Q |
| External Current Account Balance6 | Dec. 2009 | Apr. 2009 | A | I | I |
| Exports and Imports of Goods and Services | Mar. 2010 | Apr. 2010 | M | Q | M |
| GDP/GNP | NA | NA | NA | N/A | NA |
| Gross External Debt | Dec. 2009 | Feb. 2010 | Q | Q | Q |
| International Investment Position4 | NA | NA | NA | NA | NA |
Any reserve assets that are pledged or otherwise encumbered should be specified separately. Also, data should comprise short-term liabilities linked to a foreign currency but settled by other means as well as the notional values of financial derivatives.
Foreign, domestic bank, and domestic nonbank financing.
The general government consists of the central government (budgetary funds, extrabudgetary funds, and social security funds) and state and local governments.
Includes external gross, financial asset and liabilities positions vis-à-vis non-residents.
Daily (D); weekly (W); bi monthly (B); monthly (M); quarterly (Q); Annually (A); irregular (I); and not available (NA).
Estimated by IMF staff and Liberian authorities.
| Date of latest observation | Date received | Frequency of Reporting5 | Frequency of Data5 | Frequency of publication5 | |
| Exchange Rates | Apr. 2010 | May 2010 | D | M | M |
| International Reserve Assets and Reserve Liabilities of the Monetary Authorities1 | Apr. 2010 | May 2010 | M | M | M |
| Reserve/Base Money | Apr. 2010 | May 2010 | M | M | M |
| Broad Money | Apr. 2010 | May 2010 | M | M | M |
| Central Bank Balance Sheet | Apr. 2010 | May 2010 | M | M | M |
| Consolidated Balance Sheet of the Banking System | Apr. 2010 | May 2010 | M | M | M |
| Interest Rates | Apr. 2010 | May 2010 | M | M | M |
| Consumer Price Index | Apr. 2010 | May 2010 | M | M | M |
| Revenue, Expenditure, Balance and Composition of Financing2 - General Government3 | Mar. 2010 | Apr. 2010 | M | M | M |
| Revenue, Expenditure, Balance and Composition of Financing2- Central Government | Mar. 2010 | Apr. 2010 | M | M | M |
| Stocks of Central Government and Central Government-Guaranteed Debt | Dec, 2009 | Feb. 2010 | Q | Q | Q |
| External Current Account Balance6 | Dec. 2009 | Apr. 2009 | A | I | I |
| Exports and Imports of Goods and Services | Mar. 2010 | Apr. 2010 | M | Q | M |
| GDP/GNP | NA | NA | NA | N/A | NA |
| Gross External Debt | Dec. 2009 | Feb. 2010 | Q | Q | Q |
| International Investment Position4 | NA | NA | NA | NA | NA |
Any reserve assets that are pledged or otherwise encumbered should be specified separately. Also, data should comprise short-term liabilities linked to a foreign currency but settled by other means as well as the notional values of financial derivatives.
Foreign, domestic bank, and domestic nonbank financing.
The general government consists of the central government (budgetary funds, extrabudgetary funds, and social security funds) and state and local governments.
Includes external gross, financial asset and liabilities positions vis-à-vis non-residents.
Daily (D); weekly (W); bi monthly (B); monthly (M); quarterly (Q); Annually (A); irregular (I); and not available (NA).
Estimated by IMF staff and Liberian authorities.