Liberia: Report on Post-Conflict Economic Conditions and Economic Program for 2004/05

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 408

Publication date: December 2004

ISBN: 9781451822854

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Money and Monetary Policy , Public Finance , ISCR , CR , government , staff visit , staff appraisal , Liberian authorities , cash management committee , IMF staff representative , Budget planning and preparation , Currencies , Commercial banks , International reserves

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Summary

This report reviews Liberia’s Post-Conflict Economic Conditions and Economic Program for 2004–05. The economy of Liberia is recovering, following a sharp contraction in the second half of 2003, as a result of increasing donor support and the revival of associated manufacturing and services activities. Despite political and capacity constraints, the economic program through June 2004 was implemented successfully. The monetary program for 2004–05 aims at a broadly stable exchange rate, while accommodating a further rebound in the demand for local currency.