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Liberia: 2025 Article IV Consultation and Second Review Under the Extended Credit Facility Arrangement and Request for a Waiver of Nonobservance of a Continuous Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Liberia

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  • International Monetary Fund

Abstract

This paper presents Liberia’s 2025 Article IV Consultation and Second Review under the Extended Credit Facility (ECF) Arrangement and Request for a Waiver of Nonobservance of a Continuous Performance Criterion. Liberia’s ECF arrangement was approved to support the country’s effort to restore macroeconomic stability, reduce debt vulnerabilities, preserve financial stability, and strengthen governance. Program performance has been broadly satisfactory. All but one quantitative performance criteria (PCs) for end-December 2024 were met. The continuous PC on nonaccumulation of new external arrears was breached. Robust growth is expected to continue in 2025 and further accelerate over the medium term. An unanticipated global economic slowdown, along with intensified geopolitical fragmentation and higher commodity volatility, are potential external shock. Additional decline in donor support could add further challenges in achieving the authorities’ development goals. On the positive side, a continued stable political environment could support the implementation of policy reform measures needed for achieving higher economic growth and making external accounts less vulnerable to shocks.

Suggested Citation

  • International Monetary Fund, 2025. "Liberia: 2025 Article IV Consultation and Second Review Under the Extended Credit Facility Arrangement and Request for a Waiver of Nonobservance of a Continuous Performance Criterion-Press Release; Staff Report; and Statement by the Executive Directo," IMF Staff Country Reports 2025/290, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2025/290
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