Liberia : 2016 Article IV consultation; press release; staff report; and statement by the Executive Director for Liberia.

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Bibliographic Details
Imprint:	Washington, D.C. : International Monetary Fund, [2016] ©2016
Description:	1 online resource (80 pages) : color illustrations.
Language:	English
Series:	IMF country report ; no. 16/238 IMF country report ; no. 16/238.
Subject:	International Monetary Fund -- Liberia. International Monetary Fund. Economic development -- Liberia. Financial risk management -- Liberia. Fiscal policy -- Liberia. Economic indicators -- Liberia. Economic development. Economic indicators. Financial risk management. Fiscal policy. Liberia.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12506765

Hidden Bibliographic Details
Varying Form of Title:	Title from p. 2 of pdf: Liberia, staff report for the 2012 Article IV consultation and request for three-year arrangement under the Extended Credit Facility
Other authors / contributors:	International Monetary Fund, publisher.
ISBN:	9781498371544 149837154X
Notes:	"July 2016." Includes bibliographical references. Description based on online resource; title from pdf title page (IMF.org website, viewed September 6, 2016).
Summary:	The Article IV discussions focused on policies to support resilience and growth on the background of a double shock hitting the Liberian economy. Just when the country was finally recovering from the Ebola epidemic, the decline in commodity prices, combined with a post-Ebola fall in external support, put the economy under severe stress, undermining government revenues, affecting the build-up of international reserves, and intensifying vulnerabilities in the financial sector. Prolonged weakness of commodity prices has also lowered medium-term growth prospects, exposing the limitations of a growth model heavily dependent on the natural resource sector. The authorities have taken decisive steps to mitigate these macroeconomic challenges, most notably through a draft FY2017 budget law envisaging ambitious revenue mobilization measures and far-reaching spending cuts.

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