Abstract
First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria
Relations with the Fund
(As of October 31, 2020)
Membership Status: Joined: March 28, 1962.
Article XIV
| General Resources Account: | SDR Million | %Quota |
|---|---|---|
| Quota | 258.40 | 100.00 |
| Fund holdings of currency | 226.08 | 87.49 |
| Reserve Tranche Position | 32.33 | 12.51 |
| General Resources Account: | SDR Million | %Quota |
|---|---|---|
| Quota | 258.40 | 100.00 |
| Fund holdings of currency | 226.08 | 87.49 |
| Reserve Tranche Position | 32.33 | 12.51 |
| SDR Department: | SDR Million | %Allocation |
|---|---|---|
| Net cumulative allocation | 123.98 | 100.00 |
| Holdings | 136.88 | 110.41 |
| SDR Department: | SDR Million | %Allocation |
|---|---|---|
| Net cumulative allocation | 123.98 | 100.00 |
| Holdings | 136.88 | 110.41 |
| Outstanding Purchases and Loans: | SDR Million | %Quota |
|---|---|---|
| RCF loans | 65.25 | 25.25 |
| ECF arrangements | 116.31 | 45.01 |
| Outstanding Purchases and Loans: | SDR Million | %Quota |
|---|---|---|
| RCF loans | 65.25 | 25.25 |
| ECF arrangements | 116.31 | 45.01 |
Latest Financial Arrangements:
Formerly PRGF.
| Date of Arrangement | Expiration Date | Amount Approved (SDR Million) | Amount Drawn (SDR Million) | |
|---|---|---|---|---|
| ECF | Dec 11, 2019 | Dec 10, 2023 | 155.00 | 17.00 |
| ECF | Nov. 19, 2012 | Nov. 17, 2017 | 111.66 | 111.66 |
| ECF1 | Mar. 14, 2008 | May 17, 2012 | 247.90 | 247.90 |
Formerly PRGF.
| Date of Arrangement | Expiration Date | Amount Approved (SDR Million) | Amount Drawn (SDR Million) | |
|---|---|---|---|---|
| ECF | Dec 11, 2019 | Dec 10, 2023 | 155.00 | 17.00 |
| ECF | Nov. 19, 2012 | Nov. 17, 2017 | 111.66 | 111.66 |
| ECF1 | Mar. 14, 2008 | May 17, 2012 | 247.90 | 247.90 |
Formerly PRGF.
Projected Payments to Fund
(SDR Million; based on existing use of resources and present holdings of SDRs):
| 2020 | 2021 | 2022 | 2023 | 2024 | |||
|---|---|---|---|---|---|---|---|
| Principal | 2.81 | 22.97 | 26.28 | 27.32 | 24.36 | ||
| Charges/Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Total | 2.81 | 22.97 | 26.29 | 27.32 | 24.36 | ||
| 2020 | 2021 | 2022 | 2023 | 2024 | |||
|---|---|---|---|---|---|---|---|
| Principal | 2.81 | 22.97 | 26.28 | 27.32 | 24.36 | ||
| Charges/Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Total | 2.81 | 22.97 | 26.29 | 27.32 | 24.36 | ||
| Implementation of HIPC Initiative: | Enhanced Framework | ||
| Commitment of HIPC assistance | |||
| Decision point date | March 2008 | ||
| Assistance committed | |||
| by all creditors (US$ Million)1 | 2,739.20 | ||
| Of which: IMF assistance (US$ Million) | 721.10 | ||
| (SDR equivalent in millions) | 440.90 | ||
| Completion point date | June 2010 | ||
| Disbursement of IMF assistance (SDR Million) | |||
| Assistance disbursed to the member | 440.90 | ||
| Interim assistance | 30.14 | ||
| Completion point balance | 410.76 | ||
| Additional disbursement of interest income2 | 10.99 | ||
| Total disbursements | 451.89 | ||
| Implementation of HIPC Initiative: | Enhanced Framework | ||
| Commitment of HIPC assistance | |||
| Decision point date | March 2008 | ||
| Assistance committed | |||
| by all creditors (US$ Million)1 | 2,739.20 | ||
| Of which: IMF assistance (US$ Million) | 721.10 | ||
| (SDR equivalent in millions) | 440.90 | ||
| Completion point date | June 2010 | ||
| Disbursement of IMF assistance (SDR Million) | |||
| Assistance disbursed to the member | 440.90 | ||
| Interim assistance | 30.14 | ||
| Completion point balance | 410.76 | ||
| Additional disbursement of interest income2 | 10.99 | ||
| Total disbursements | 451.89 | ||
Delivery of Debt Relief at the Completion Point:
| Debt relief (SDR Million) | 548.53 | |
| Financed by: Liberia Administered Account | 116.20 | |
| Remaining HIPC resources | 432.33 | |
| Debt relief by facility (SDR Million) | ||
| Eligible Debt | |||
| Delivery Date | GRA | PRGT | Total |
| June 2010 | 342.77 | 205.76 | 548.53 |
| Debt relief (SDR Million) | 548.53 | |
| Financed by: Liberia Administered Account | 116.20 | |
| Remaining HIPC resources | 432.33 | |
| Debt relief by facility (SDR Million) | ||
| Eligible Debt | |||
| Delivery Date | GRA | PRGT | Total |
| June 2010 | 342.77 | 205.76 | 548.53 |
Implementation of Catastrophe Containment and Relief (CCR):
| Date of Catastrophe | Board Decision Date | Amount Committed (SDR million) | Amount Disbursed (SDR million) |
| N/A | Feb 23, 2015 | 25.84 | 25.84 |
| N/A | Apr 13, 2020 | 11.63 | 11.63 |
| N/A | Oct 2, 2020 | 11.19 | 11.19 |
| Date of Catastrophe | Board Decision Date | Amount Committed (SDR million) | Amount Disbursed (SDR million) |
| N/A | Feb 23, 2015 | 25.84 | 25.84 |
| N/A | Apr 13, 2020 | 11.63 | 11.63 |
| N/A | Oct 2, 2020 | 11.19 | 11.19 |
Safeguards Assessment
The 2019 safeguards assessment noted a significant deterioration in the governance and control frameworks of the CBL. The lack of a permanent Board for almost two years and changes to the Governor, both Deputy Governors, and senior management impacted the CBL’s governance and accountability. In addition, the financial position of the CBL had deteriorated following the extension of credit to government in excess of legal limits and new risks have emerged in domestic currency operations as highlighted in the recent external investigation reports. Fundamental steps were needed to address these vulnerabilities. To this end, many of the priority recommendations included as structural measures under the new arrangement were largely met.
Exchange Rate Arrangement
The currency of Liberia is the Liberian dollar. The U.S. dollar is also legal tender. The de jure exchange rate regime classification is ‘managed floating’. The Central Bank of Liberia (CBL) intervenes in the foreign exchange market to smooth volatility. Since February 2020, the exchange rate has stabilized within a 2 percent band against the U.S. dollar. Accordingly, the de facto exchange rate arrangement was reclassified to “stabilized” from “other managed”, effective February 20, 2020. Liberia maintains an exchange rate system that is free of restrictions on payments for current transfers.
Technical Assistance 2014–20
| Topic | Date |
|---|---|
| Fiscal Affairs Department | |
| Revenue Administration | February–March and April-May 2014, November 2014– April 2015 (Remote), July–August, September-October, and November–December 2015, February, June, October, and December 2016, Long-term residential advisor has been deployed in the LRA since January 2016, February-April, July, November, and December 2017, January 2018, March-April 2018, May 2018, June 2018, July 2018, August-September 2018, October 2018, November 2018, February 2019, March 2019, October 2020 |
| Public Financial Management Reform | January, February, November 2016, May-June, July-August, September, October, November, December 2017, April 2018, June 2019 |
| Natural Resource Revenue | January and March, and December 2016, February, and April 2017, April 2018, February 2019 |
| Fiscal Decentralization | December 2015 |
| Capacity Building and Sector Audit Training, including Computer assisted Audit Techniques in Telecommunications. | April 2014 |
| Fiscal Framework for a New Model Petroleum Production Sharing Contract and Revenue Modeling | June 2014, August 2018, October 2020 |
| Budget Formulation and Public Sector Investment Plan | June 2015, June 2019 |
| Public Investment Management Assessment | July 2016, July, September 2017, January 2018 |
| Tax Policy | February 2017, May 2019 |
| Cash Management | September 2017, April 2018, September 2018, October 2019 |
| Statistics Department | |
| Balance of Payments | July 2014 and January–February, June–July 2016, January, July 2017, Feb 2018, September 2018, April 2019, February 2020 |
| Government Financial Statistics | September 2016, October 2017, March 2019, November 2020 |
| National Accounts and Consumer Price Index | May 2014, April–September (Remote), June–July, November 2015, March, July, August, September, December, December 2016, February, July–August, November 2017, December 2017, January 2018, February 2018, April 2018, June 2018, August-September 2018, October- November 2018, January 2019, March-April 2019, July 2019, November 2020 |
| Monetary and Financial Statistics | January 2019 |
| Financial Soundness Indicators | April 2019, January 2020, February 2020 |
| Monetary and Capital Markets Department | |
| Central Bank Governance | November 2017, May 2020 |
| Banking Supervision | January, April, July 2014. February, April–May, August, November 2016, January 2019, June 2019, September 2019, December 2019, June-July 2020, August 2020 |
| Monetary Policy | July 2018, October 2018, February-March 2019, April-May 2019, August 2019 |
| Central Bank Accounting | August 2016, March 2017 |
| Monetary Analysis and Payment System | November 2016, November-December 2017 |
| Basel II/III Training Workshop | November 2016, July 2017 |
| Liquidity Forecasting | May 2014, August 2015, and January–February 2016 |
| Crisis Preparedness and Management Framework | October–November 2015, January 2017, March 2017, August-September 2018 |
| Central Bank Internal Operational Cost Structure and Annual Budget | August 2019 |
| Currency management and control | November 2019 |
| Finance Department | |
| Safeguards and Fiscal Investment | September 2017, September 2019 |
| Legal Department | |
| AML/CFT framework | November 2017, March 2018, August 2018, February-March 2019, July 2019, December 2019 |
| CBL Act | January 2018 |
| Tax Law | October 2017 |
| Topic | Date |
|---|---|
| Fiscal Affairs Department | |
| Revenue Administration | February–March and April-May 2014, November 2014– April 2015 (Remote), July–August, September-October, and November–December 2015, February, June, October, and December 2016, Long-term residential advisor has been deployed in the LRA since January 2016, February-April, July, November, and December 2017, January 2018, March-April 2018, May 2018, June 2018, July 2018, August-September 2018, October 2018, November 2018, February 2019, March 2019, October 2020 |
| Public Financial Management Reform | January, February, November 2016, May-June, July-August, September, October, November, December 2017, April 2018, June 2019 |
| Natural Resource Revenue | January and March, and December 2016, February, and April 2017, April 2018, February 2019 |
| Fiscal Decentralization | December 2015 |
| Capacity Building and Sector Audit Training, including Computer assisted Audit Techniques in Telecommunications. | April 2014 |
| Fiscal Framework for a New Model Petroleum Production Sharing Contract and Revenue Modeling | June 2014, August 2018, October 2020 |
| Budget Formulation and Public Sector Investment Plan | June 2015, June 2019 |
| Public Investment Management Assessment | July 2016, July, September 2017, January 2018 |
| Tax Policy | February 2017, May 2019 |
| Cash Management | September 2017, April 2018, September 2018, October 2019 |
| Statistics Department | |
| Balance of Payments | July 2014 and January–February, June–July 2016, January, July 2017, Feb 2018, September 2018, April 2019, February 2020 |
| Government Financial Statistics | September 2016, October 2017, March 2019, November 2020 |
| National Accounts and Consumer Price Index | May 2014, April–September (Remote), June–July, November 2015, March, July, August, September, December, December 2016, February, July–August, November 2017, December 2017, January 2018, February 2018, April 2018, June 2018, August-September 2018, October- November 2018, January 2019, March-April 2019, July 2019, November 2020 |
| Monetary and Financial Statistics | January 2019 |
| Financial Soundness Indicators | April 2019, January 2020, February 2020 |
| Monetary and Capital Markets Department | |
| Central Bank Governance | November 2017, May 2020 |
| Banking Supervision | January, April, July 2014. February, April–May, August, November 2016, January 2019, June 2019, September 2019, December 2019, June-July 2020, August 2020 |
| Monetary Policy | July 2018, October 2018, February-March 2019, April-May 2019, August 2019 |
| Central Bank Accounting | August 2016, March 2017 |
| Monetary Analysis and Payment System | November 2016, November-December 2017 |
| Basel II/III Training Workshop | November 2016, July 2017 |
| Liquidity Forecasting | May 2014, August 2015, and January–February 2016 |
| Crisis Preparedness and Management Framework | October–November 2015, January 2017, March 2017, August-September 2018 |
| Central Bank Internal Operational Cost Structure and Annual Budget | August 2019 |
| Currency management and control | November 2019 |
| Finance Department | |
| Safeguards and Fiscal Investment | September 2017, September 2019 |
| Legal Department | |
| AML/CFT framework | November 2017, March 2018, August 2018, February-March 2019, July 2019, December 2019 |
| CBL Act | January 2018 |
| Tax Law | October 2017 |
Resident Representative
A resident representative has been posted in Monrovia since April 2, 2006. Currently, Mr. Abdychev is in this role since August 1, 2020.
Relations with Other IFI’S
World Bank Group http://projects.worldbank.org/search?lang=en&searchTerm =&countrycode exact=LR
African Development Bank https://www.afdb.org/en/countries/west-africa/liberia/
AFRITAC West 2 http://www.afritacwest2.org/home
Statistical Issues
(As of November 4, 2020)
Enhanced Data Dissemination Initiative (EDDI) phase 2 funded by the UK Department for International Development.
| I. Assessment of Data Adequacy for Surveillance | |
| General: Data provision has serious shortcomings that significantly hamper surveillance. Most affected areas are: national accounts, government finance, and balance of payments statistics. | |
| National Accounts: Comprehensive national accounts data are not available and Fund staff use their own estimates of GDP for surveillance. The Liberia Institute of Statistics and Geo-Information Services (LISGIS) is progressing on the rebasing of the national accounts, with base year 2016. The National Accounts Annual Survey (NAAS) for 2016 was carried out and the survey results are available. Regarding the areas of the economy not covered by the NAAS, administrative data sources were identified and provided to LISGIS to cover those sectors in the course of the GDP rebasing. The 2016 data of the Household Income and Expenditure Survey (HIES) are being analyzed and used for measuring informal activities and estimating GDP by the expenditure approach. The results of the rebased GDP are expected to be published in 2021. |
|
| Price Statistics: Assisted by the EDDI 2 project,1 the LISGIS introduced an updated CPI for the January 2019 publication by using expenditure weights and an updated market basket based on the Household Income and Expenditure Survey conducted during 2016. Currently prices are collected only in Monrovia but the LISGIS plans to introduce national collection once recently introduced enhancements are sustained. The price of Education and Health services had breaks in the series in July and September 2020, which led to an upward jump in CPI. The LISGIS does not currently compile a PPI for Liberia because this requires that an Economic Census be conducted. |
|
| Government Finance Statistics: While currently compiled GFS largely aligns to the guidelines of the GFSM 2001/14, gaps remain on the comprehensiveness of transactions in the statement of operations and the institutional coverage of data. Not all external flows, on grants and loans, and associated expenditure are comprehensively captured in the statement of operations. Data coverage remains limited to the budgetary central government. Expenditure transactions are currently recorded on commitment basis, while all other transactions in the statement of operations are recorded on cash basis to a large extent. No adjustment is made to bridge the timing difference of transactions on commitment and cash basis in the statement of operations. IMF technical assistance will continue to support the authorities to improve data quality, but efforts will be required to improve coordination and data sharing mechanisms between various data producing and data using units. | |
| Monetary and Financial Statistics (MFS): The CBL has completed the compilation of monetary data based on STA Standardized Report Forms (SRFs). The implementation of the remaining recommendations of the January 2019 TA mission and regular compilation of monetary data based on the SRFs are critical for surveillance. CBL reports some data and indicators to the Financial Access Survey (FAS), including the two indicators (commercial bank branches per 100,000 adults and ATMs per 100,000 adults) adopted by the UN to monitor Target 8.10 of the Sustainable Development Goals (SDGs). |
|
| Financial sector surveillance: The CBL submits some supervisory ratios to the country team for surveillance purposes. A TA mission in April 2019 established an FSI workbook, but the CBL needs to follow up with banks on reporting issues before the FSIs can be published. | |
| External sector statistics: The quality of the ESS has been improving gradually, although for surveillance purpose more efforts are required. Balance of payments statistics are compiled quarterly since August 2016 on a BPM6 basis and have been submitted to the Fund since 2017. In addition, the CBL has started compiling preliminary annual International Investment Position data. With a view to further improve data quality, new administratively sourced cross-border flows and positions data have been tapped and the CBL has implemented in 2018 an International Transactions Reporting System (ITRS) and a Direct Investment survey. Moving forward, improvements are needed in the collaboration with other data-producing institutions to ensure consistency in the methodological standards used and comprehensiveness of the current account components. Establishing formal institutional collaboration between the Liberia Revenue Authorities (LRA) and the CBL is crucial for developing Direct Investment statistics. The coverage of the ITRS needs to be extended to include all banks as well as the CBL’s cross-border transactions. | |
| II. Data Standards and Quality | |
| Participant in the enhanced General Data Dissemination System (e-GDDS) since October 2005, but without a National Summary Data Page. Metadata for most data categories were updated in November 2013. | No Data ROSC mission has been conducted. |
| III. Reporting to STA | |
| The authorities report quarterly balance of payments and annual IIP data to STA. Liberia does not submit FSIs to STA and annual government finance statistics submissions for the GFSY have lapsed. The CBL is expected to begin reporting monetary data based on SRFs in coming months. | |
Enhanced Data Dissemination Initiative (EDDI) phase 2 funded by the UK Department for International Development.
| I. Assessment of Data Adequacy for Surveillance | |
| General: Data provision has serious shortcomings that significantly hamper surveillance. Most affected areas are: national accounts, government finance, and balance of payments statistics. | |
| National Accounts: Comprehensive national accounts data are not available and Fund staff use their own estimates of GDP for surveillance. The Liberia Institute of Statistics and Geo-Information Services (LISGIS) is progressing on the rebasing of the national accounts, with base year 2016. The National Accounts Annual Survey (NAAS) for 2016 was carried out and the survey results are available. Regarding the areas of the economy not covered by the NAAS, administrative data sources were identified and provided to LISGIS to cover those sectors in the course of the GDP rebasing. The 2016 data of the Household Income and Expenditure Survey (HIES) are being analyzed and used for measuring informal activities and estimating GDP by the expenditure approach. The results of the rebased GDP are expected to be published in 2021. |
|
| Price Statistics: Assisted by the EDDI 2 project,1 the LISGIS introduced an updated CPI for the January 2019 publication by using expenditure weights and an updated market basket based on the Household Income and Expenditure Survey conducted during 2016. Currently prices are collected only in Monrovia but the LISGIS plans to introduce national collection once recently introduced enhancements are sustained. The price of Education and Health services had breaks in the series in July and September 2020, which led to an upward jump in CPI. The LISGIS does not currently compile a PPI for Liberia because this requires that an Economic Census be conducted. |
|
| Government Finance Statistics: While currently compiled GFS largely aligns to the guidelines of the GFSM 2001/14, gaps remain on the comprehensiveness of transactions in the statement of operations and the institutional coverage of data. Not all external flows, on grants and loans, and associated expenditure are comprehensively captured in the statement of operations. Data coverage remains limited to the budgetary central government. Expenditure transactions are currently recorded on commitment basis, while all other transactions in the statement of operations are recorded on cash basis to a large extent. No adjustment is made to bridge the timing difference of transactions on commitment and cash basis in the statement of operations. IMF technical assistance will continue to support the authorities to improve data quality, but efforts will be required to improve coordination and data sharing mechanisms between various data producing and data using units. | |
| Monetary and Financial Statistics (MFS): The CBL has completed the compilation of monetary data based on STA Standardized Report Forms (SRFs). The implementation of the remaining recommendations of the January 2019 TA mission and regular compilation of monetary data based on the SRFs are critical for surveillance. CBL reports some data and indicators to the Financial Access Survey (FAS), including the two indicators (commercial bank branches per 100,000 adults and ATMs per 100,000 adults) adopted by the UN to monitor Target 8.10 of the Sustainable Development Goals (SDGs). |
|
| Financial sector surveillance: The CBL submits some supervisory ratios to the country team for surveillance purposes. A TA mission in April 2019 established an FSI workbook, but the CBL needs to follow up with banks on reporting issues before the FSIs can be published. | |
| External sector statistics: The quality of the ESS has been improving gradually, although for surveillance purpose more efforts are required. Balance of payments statistics are compiled quarterly since August 2016 on a BPM6 basis and have been submitted to the Fund since 2017. In addition, the CBL has started compiling preliminary annual International Investment Position data. With a view to further improve data quality, new administratively sourced cross-border flows and positions data have been tapped and the CBL has implemented in 2018 an International Transactions Reporting System (ITRS) and a Direct Investment survey. Moving forward, improvements are needed in the collaboration with other data-producing institutions to ensure consistency in the methodological standards used and comprehensiveness of the current account components. Establishing formal institutional collaboration between the Liberia Revenue Authorities (LRA) and the CBL is crucial for developing Direct Investment statistics. The coverage of the ITRS needs to be extended to include all banks as well as the CBL’s cross-border transactions. | |
| II. Data Standards and Quality | |
| Participant in the enhanced General Data Dissemination System (e-GDDS) since October 2005, but without a National Summary Data Page. Metadata for most data categories were updated in November 2013. | No Data ROSC mission has been conducted. |
| III. Reporting to STA | |
| The authorities report quarterly balance of payments and annual IIP data to STA. Liberia does not submit FSIs to STA and annual government finance statistics submissions for the GFSY have lapsed. The CBL is expected to begin reporting monetary data based on SRFs in coming months. | |
Enhanced Data Dissemination Initiative (EDDI) phase 2 funded by the UK Department for International Development.
Liberia: Table of Common Indicators Required for Surveillance
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 to pay and to receive foreign currency, including those linked to a foreign currency but settled by other means.
Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.
The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.
Including currency and maturity composition.
Includes external gross financial asset and liability positions vis-à-vis nonresidents.
Daily (D); weekly (W); monthly (M); quarterly (Q); annually (A); irregular (I); and not available (NA).
Liberia: Table of Common Indicators Required for Surveillance
| Date of Latest Observation | Date Received | Frequency of Data6 | Frequency of Reporting6 | Frequency of Publication6 | |
|---|---|---|---|---|---|
| Exchange Rates | 10/2020 | 11/2020 | D | M | M |
| International Reserve Assets and Reserve Liabilities of the Monetary Authorities1 | 9/2020 | 11/2020 | D | M | Q |
| Reserve/Base Money | 9/2020 | 11/2020 | M | M | Q |
| Broad Money | 9/2020 | 11/2020 | M | M | Q |
| Central Bank Balance Sheet | 9/2020 | 11/2020 | M | M | Q |
| Consolidated Balance Sheet of the Banking System | 9/2020 | 11/2020 | M | M | Q |
| Interest Rates2 | 9/2020 | 11/2020 | M | M | Q |
| Consumer Price Index | 9/2020 | 11/2020 | M | M | Q |
| Revenue, Expenditure, Balance and Composition of Financing3– Budgetary Central Government | 9/2020 | 11/2020 | WM | WM | Q |
| Stocks of Central Government and Central Government-Guaranteed Debt4 | 9/2020 | 9/2020 | M | M | Q |
| External Current Account Balance | 9/2020 | 9/2020 | Q | Q | Q |
| Exports and Imports of Goods and Services | 9/2020 | 9/2020 | MQ | MQ | Q |
| GDP/GNP | 2017 | 11/2018 | A | A | I |
| Gross External Debt | 9/2020 | 11/2020 | M | M | Q |
| International Investment Position5 | Q1/2019 | 9/2019 | Q | Q | Q |
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 to pay and to receive foreign currency, including those linked to a foreign currency but settled by other means.
Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.
The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.
Including currency and maturity composition.
Includes external gross financial asset and liability positions vis-à-vis nonresidents.
Daily (D); weekly (W); monthly (M); quarterly (Q); annually (A); irregular (I); and not available (NA).
Liberia: Table of Common Indicators Required for Surveillance
| Date of Latest Observation | Date Received | Frequency of Data6 | Frequency of Reporting6 | Frequency of Publication6 | |
|---|---|---|---|---|---|
| Exchange Rates | 10/2020 | 11/2020 | D | M | M |
| International Reserve Assets and Reserve Liabilities of the Monetary Authorities1 | 9/2020 | 11/2020 | D | M | Q |
| Reserve/Base Money | 9/2020 | 11/2020 | M | M | Q |
| Broad Money | 9/2020 | 11/2020 | M | M | Q |
| Central Bank Balance Sheet | 9/2020 | 11/2020 | M | M | Q |
| Consolidated Balance Sheet of the Banking System | 9/2020 | 11/2020 | M | M | Q |
| Interest Rates2 | 9/2020 | 11/2020 | M | M | Q |
| Consumer Price Index | 9/2020 | 11/2020 | M | M | Q |
| Revenue, Expenditure, Balance and Composition of Financing3– Budgetary Central Government | 9/2020 | 11/2020 | WM | WM | Q |
| Stocks of Central Government and Central Government-Guaranteed Debt4 | 9/2020 | 9/2020 | M | M | Q |
| External Current Account Balance | 9/2020 | 9/2020 | Q | Q | Q |
| Exports and Imports of Goods and Services | 9/2020 | 9/2020 | MQ | MQ | Q |
| GDP/GNP | 2017 | 11/2018 | A | A | I |
| Gross External Debt | 9/2020 | 11/2020 | M | M | Q |
| International Investment Position5 | Q1/2019 | 9/2019 | Q | Q | Q |
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 to pay and to receive foreign currency, including those linked to a foreign currency but settled by other means.
Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.
The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.
Including currency and maturity composition.
Includes external gross financial asset and liability positions vis-à-vis nonresidents.
Daily (D); weekly (W); monthly (M); quarterly (Q); annually (A); irregular (I); and not available (NA).
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 cannot 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.