1.

Record Nr.

UNINA9910809746603321

Titolo

Liberia : : Second Review Under the Extended Credit Facility Arrangement and Request for Waiver of Nonobservance of Performance Criteria and Modification of a Performance Criteria

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2013

ISBN

1-4843-1174-4

1-4843-1168-X

1-4843-1185-X

Edizione

[1st ed.]

Descrizione fisica

1 online resource (110 p.)

Collana

IMF Staff Country Reports

Disciplina

332.1;332.1/532

Soggetti

Finance, Public - Liberia

Exports and Imports

Foreign Exchange

Macroeconomics

Money and Monetary Policy

Public Finance

Statistics

Debt

Debt Management

Sovereign Debt

International Lending and Debt Problems

Monetary Policy, Central Banking, and the Supply of Money and Credit: General

National Government Expenditures and Related Policies: General

Data Collection and Data Estimation Methodology

Computer Programs: Other

Public finance & taxation

International economics

Monetary economics

Currency

Foreign exchange

Econometrics & economic statistics

Public debt

Credit

External debt

National accounts

Public investment and public-private partnerships (PPP)

Money



Expenditure

Debts, Public

Debts, External

National income

Liberia

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di contenuto

Cover; CONTENTS; LIBERIA'S REFORM AGENDA: ACHIEVEMENTS AND CHALLENGES; BOXES; 1. Overcoming the Binding Constraints to Growth; RECENT DEVELOPMENTS; PROGRAM PERFORMANCE; POLICY DISCUSSIONS; A. Outlook and Risks; B. Improving Budget Execution and Scaling Up Public Investment; 2. Liberia's FY2014 Budget; C. Strengthening the Monetary and Exchange Rate Policy Framework; 3. Recent Exchange Rate Developments; D. Enhancing Access to Credit; 4. Improving Access to Finance While Maintaining Financial Stability; E. Addressing Debt Management and Trade Liberalization Challenges

PROGRAM MONITORING AND RISKS STAFF APPRAISAL; FIGURES; 1. Recent Economic Developments; 2. Monetary and Financial Developments; 3. Medium-Term Outlook, 2010-17; 4. Medium-Term Fiscal Outlook, FY2010-17; TABLES; 1. Selected Economic and Financial Indicators, 2011-17; 2. Balance of Payments, 2011-17; 3. Monetary Survey, 2011-15; 4. Financial Soundness Indicators, 2009-July 2013; 5. Medium-Term Outlook, 2011-17; 6a. Fiscal Operations of the Central Government, FY2011-17 (Millions of U.S. dollars); 6b. Fiscal Operations of the Central Government, FY2011-17 (Percent of GDP)

7. Schedule of Disbursements Under the ECF Arrangements, 2012-15 APPENDIX; I. Letter of Intent; Attachment 1. Memorandum of Economic and Financial Policies of the Government of Liberia for FY2013/14; Attachment 2. Technical Memorandum of Understanding; CONTENTS; RELATIONS WITH THE FUND; JOINT WORLD BANK-IMF WORK PROGRAM, 2012-13; RELATIONS WITH THE WORLD BANK GROUP; RELATIONS WITH THE AFRICAN DEVELOPMENT BANK; STATISTICAL ISSUES

Sommario/riassunto

This paper discusses Liberia’s Second Review Under the Extended Credit Facility (ECF) Arrangement and Request for Waiver of Nonobservance of Performance Criteria and Modification of a Performance Criterion. Program performance has weakened relative to the previous review, as well as the former ECF-supported arrangement. Three out of six performance criteria and two out of four indicative targets were missed. The IMF staff supports the completion of the second review of the ECF arrangement and the authorities’ request for waivers of performance criteria and modification of the domestic financing performance criterion.