World Refugee Day Declared a Working Holiday by the Government of Liberia
500 Birth certificates shared with refugee parents from January-June 2018
9,529 Total number of refugees remaining in Liberia
■ IMF is pessimistic about Liberia’s economy and emphasizes transparency over debts
The Executive Board of the International Monetary Fund (IMF) has emphasized that future Liberia debt obligations should be undertaken transparently, limiting new debt to concessional terms, with effective implementation of infrastructure projects.
The June 2018 International Money Fund’s Article IV Consultation says “Liberia remains fragile with poor living conditions for the majority of the population”.
In its June 2018 report, the IMF seems deeply concerned that prospects for economic growth are characterized by “[…] an increase in commodity prices and output, while downside risks include difficulties in mobilizing resources to fill the financing gap and in pursuing structural and institutional reforms”. IMF also states that “All the elements of the government’s medium-term development agenda have not been fully outlined.”
IMF noted that Liberia’s economy appears poised for recovery, but that significant fragilities remain. Assuming sound policies, Directors agreed that the medium term outlook is favorable, albeit with risks. Directors welcomed the authorities’ pro poor agenda and noted that macroeconomic stability is essential for advancing this agenda.