IMF Staff Country Reports

Liberia: First Review Under the Extended Credit Facility Arrangement and Request for a Waiver of Nonobservance of a Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Liberia

February 19, 2025

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Format: Chicago

International Monetary Fund. African Dept. "Liberia: First Review Under the Extended Credit Facility Arrangement and Request for a Waiver of Nonobservance of a Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Liberia", IMF Staff Country Reports 2025, 044 (2025), accessed February 22, 2025, https://doi.org/10.5089/9798229001281.002

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Summary

Liberia continues to face substantial long-term development challenges. Resource constraints and substantial gaps in infrastructure and human capital have hindered Liberia’s growth prospects and the authorities’ efforts to improve living standards. Addressing these challenges will require sustained efforts to mobilize additional revenues, enhance financial stability, improve public financial management, and seek external grants and highly concessional loans for key capital investment projects. Improvements in these areas would help create fiscal space to scale up investment in infrastructure and human capital, thus unleashing the country’s growth potential.

Subject: Budget planning and preparation, Credit, External debt, Money, Public debt, Public financial management (PFM), Revenue administration

Keywords: Africa, Budget planning and preparation, Budget proposal, CBL liquidity management operation, Credit, Global, Governance reform, Governance shortcoming, IMF's transparency policy, Liberian authorities, Policy discussion, Reform agenda, West Africa

Publication Details

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