Liberia’s GDP Growth Down to 0.4 Percent from 4.7 percent, says IMF Article IV Mission to LiberiaThe International Monetary Fund’s (IMF) assessment of Liberia’s economy under the 2019 Article IV Mission has presented gross decline in growth with the expectation that the country may encounter further decline that would pose much hardship on the people. The IMF team lead by Mika Saito, conducted the assessment from February 25 to March 8, 2019 in Monrovia. To set up appropriate preconditions, according to the IMF team, will bring about a timely reduction of the rate of inflation to single digits. One of those appropriate preconditions suggested by the IMF team is that the government refrains from borrowing from the Central Bank. According to IMF mission, increased uncertainty and volatility in the external environment argues for further measures to safeguarding the foreign exchange reserves of the central bank.

Source: Daily Observer March 12, 2019 02:26 UTC