Liberia: Request for Disbursement under the Rapid Credit Facility and Debt Relief under the Catastrophe Containment and Relief Trust-Staff Report; Press Release; and Statement by the Executive Director for Liberia
This paper discusses Liberia’s Request for Disbursement Under the Rapid Credit Facility (RCF) and Debt Relief Under the Catastrophe Containment and Relief (CCR) Trust. Economic activity has declined significantly, and fiscal and external financing needs are more pronounced than envisaged at the time of the Extended Credit Facility (ECF) augmentation. The authorities remain committed to the broad objectives of the ECF program. The IMF staff recommends approval of the authorities’ requests for a disbursement under the RCF and debt relief under the CCR Trust given the extensive economic damage caused by the Ebola outbreak and based on the authorities’ updated policy intentions and commitments.
Year of publication: |
2015-02-27
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Institutions: | International Monetary Fund (IMF) ; International Monetary Fund |
Subject: | Rapid Credit Facility | External shocks | Debt relief | Emergency assistance | Emergency financing mechanism | Fiscal policy | Monetary policy | Economic indicators | Letters of Intent | Debt sustainability analysis | Staff Reports | Press releases | Liberia |
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