The Executive Board of the International Monetary Fund (IMF) says policy uncertainty and slippages have imposed a significant toll on the economy of Liberia over the past two years, noting that particularly, higher fiscal deficits and accommodative monetary policy led to rapid depreciation of the Liberian dollar and increased inflation thereby, eroding the purchasing power of the poor.
In its assessment report published Tuesday, 11 June by the Board of Directors in line with Article IV consultation with Liberia, the IMF notes the near- and medium-term outlook under the baseline scenario is challenging for Liberia, and growth is projected to slow further to about 0.4 percent in 2019 and remain below 2 percent into the medium-term.
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