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Liberia: Request for Disbursement Under the Rapid Credit Facility and Debt Relief Under the Catastrophe Containment and Relief Trust
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2015: Issue 049
Language:
English
Publication Date:
27 Feb 2015
DOI:
https://doi.org/10.5089/9781498365383.002
ISBN:
9781498365383
ISSN:
1934-7685
Pages:
45
Keywords:
ISCR; CR; Ebola outbreak; financing; financing gap; authority; spending priority; Ebola crisis; Ebola epidemic; Ebola; Budget planning and preparation; Imports; Credit; Global
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This paper discusses Liberia’s Request for Disbursement Under the Rapid Credit Facility (RCF) and Debt Relief Under the Catastrophe Containment and Relief (CCR) Trust. Economic activity has declined significantly, and fiscal and external financing needs are more pronounced than envisaged at the time of the Extended Credit Facility (ECF) augmentation. The authorities remain committed to the broad objectives of the ECF program. The IMF staff recommends approval of the authorities’ requests for a disbursement under the RCF and debt relief under the CCR Trust given the extensive economic damage caused by the Ebola outbreak and based on the authorities’ updated policy intentions and commitments.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund