LEADER 00000cam a2200553Mi 4500
001 ocn872684439
003 OCoLC
005 20170728052917.2
006 m o d
007 cr cn|||||||||
008 140205t20132013dcuad o 000 0 eng d
019 866588333|a900687082|a961585303|a962696099
020 9781484311851|q(electronic book)
020 148431185X|q(electronic book)
020 |z9781484311523
035 (OCoLC)872684439|z(OCoLC)866588333|z(OCoLC)900687082
|z(OCoLC)961585303|z(OCoLC)962696099
040 E7B|beng|erda|epn|cE7B|dOTZ|dDJB|dOCLCF|dCUS|dOCLCQ|dYDXCP
|dOCL|dN$T
043 f-lb---
049 RIDW
050 4 HJ1505|b.I58 2013eb
072 7 BUS|x027000|2bisacsh
082 04 332.152
090 HJ1505|b.I58 2013eb
110 2 International Monetary Fund.|0https://id.loc.gov/
authorities/names/n81052755
245 10 Liberia :|bsecond review under the extended credit
facility arrangement and request for waiver of
nonobservance of performance criteria and modification of
a performance criterion /|cInternational Monetary Fund.
264 1 Washington, District of Columbia :|bInternational Monetary
Fund,|c[2013]
264 4 |c©2013
300 1 online resource (110 pages) :|billustrations.
336 text|btxt|2rdacontent
337 computer|bc|2rdamedia
338 online resource|bcr|2rdacarrier
340 |gpolychrome|2rdacc
347 text file|2rdaft
490 1 IMF country report ;|vnumber 13/365
520 3 KEY ISSUES Context: Real GDP growth is projected to remain
robust at 8.1 percent in 2013, led by mining, construction,
and services. Inflation should reach 8.5 percent in
December (y/y) due to higher international food prices and
recent exchange rate pressures. The baseline outlook is
positive, with new mining projects and plantations due to
start operations in the coming years. Downside risks stem
from delays in public investment, and uncertainty linked
to the weak external environment. Accelerating
implementation of the authorities' poverty reduction
strategy, the Agenda for Transformation, and in particular
road and energy projects, is key to boosting growth in the
non-mining sector and reduce poverty. Policies: Fiscal
policy focuses on scaling-up public investment while
maintaining debt sustainability and strengthening project
execution capacity. Budget implementation has improved,
but weaknesses in liquidity management have led to
repeated spending overruns in FY2012 and FY2013. After
delays in securing external financing, recent agreements
bring debt close to the program limits. The monetary and
exchange rate policy framework needs to be strengthened.
In the highly dollarized setting, an increase in
government spending in Liberian dollars led to exchange
rate and inflation pressures. In the context of the recent
launch of both T-bills and CBL bills, improved liquidity
management and forecasting would be key steps towards
establishing a monetary policy anchor. The authorities
continue to make headway with their structural reform
agenda. The Project Management Unit will help ensure
readiness and quality of investment projects. Progress
towards a Treasury Single Account continues, albeit with
delays. The creation of the Liberia Revenue Authority will
help strengthen tax administration. Program performance:
Program performance has weakened relative to the previous
review, as well as the former ECF-supported arrangement.
Three out of six performance criteria (PCs) and two out of
four indicative targets (ITs) were missed. Although
deviations from two PCs were only minor, foreign reserves
fell below the program floor by US|14 million, reflecting
the CBL's larger sales of U.S. dollars to mitigate
exchange rate pressures, the launch of a new credit
stimulus scheme, and high operational expenditures. Four
out of eight structural benchmarks were met, including two
with delays; three are proposed to be re-set, and one (on
procurement plans) became a prior action. An update of the
2011 safeguards assessment has been completed.
588 0 Online resource; title from PDF title page (ebrary, viewed
February 5, 2014).
590 eBooks on EBSCOhost|bEBSCO eBook Subscription Academic
Collection - North America
650 0 Finance, Public|0https://id.loc.gov/authorities/subjects/
sh85048270|zLiberia.|0https://id.loc.gov/authorities/names
/n79060233-781
650 7 Finance, Public.|2fast|0https://id.worldcat.org/fast/
924477
651 7 Liberia.|2fast|0https://id.worldcat.org/fast/1205331
655 4 Electronic books.
830 0 IMF country report ;|0https://id.loc.gov/authorities/names
/no2001029774|vno. 13/365.
856 40 |uhttps://rider.idm.oclc.org/login?url=http://
search.ebscohost.com/login.aspx?direct=true&scope=site&
db=nlebk&AN=1256377|zOnline eBook. Access restricted to
current Rider University students, faculty, and staff.
856 42 |3Instructions for reading/downloading the EBSCO version
of this eBook|uhttp://guides.rider.edu/ebooks/ebsco
901 MARCIVE 20231220
948 |d20170802|cEBSCO|tebscoebooksacademic new
994 92|bRID
