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Liberia :, Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver and Modification of Performance Criteria, and Financing Assurances Review: Staff Report; Staff Supplement; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Liberia

The drop in demand and commodity prices in Liberia is adversely affecting investment and exports in some key sectors. The staff report examines Liberia’s second review under the Poverty Reduction and Growth Facility and request for Waiver and Modification of Performance Criteria. The global recession is slowing Liberia’s post-war economic recovery. There is limited room for countercyclical fiscal action owing to high debt levels while monetary policy is constrained by high dollarization. In the mining sector, investment continues, and iron ore exports are expected to resume with the global economic recovery
Table Of Contents
Cover; Contents; Executive Summary; I. Macroeconomic Developments and Performance Under the Program; A. Impact of the Global Financial Crisis; Figures; 1. Recent Economic Developments, 2007-09; B. Performance Under the Program Remains Good with Minor Deviations; C. Political Context; II. Program Discussions; A. Macroeconomic Framework; 2. Projected GDP Growth, 2008-12; 3. Official Grants, Aid Dependent Fragile States; B. Fiscal Program; 4. Medium Term Outlook 2007-13; 5. Government Deposits, 2006-09; C. Monetary and Financial Policies; 6. Financial Soundness Indicators, 2005-09
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (77 p.)
Specific Material Designation
Form Of Item

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