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Liberia made slow progress on the implementation of the Poverty Reduction Strategy (PRS). The impact of the global economic crisis affected implementation and slowed the pace of growth. With the development of the Public Financial Management (PFM) framework, a PRS deliverable, the credibility of the country’s financial systems is being restored. Increased vigilance in tax collection efforts, expansion of the tax base, and the elimination of discretionary exceptions led to a rise in revenue by 13.5 percent from US$207 million in fiscal year (FY) 2007/08 to US$235 million in FY2008/09.
International monetary fund -- Liberia. --- Liberia -- Economic conditions. --- Liberia -- Economic policy. --- Investments: General --- Macroeconomics --- Environmental Economics --- Women''s Studies' --- General Financial Markets: General (includes Measurement and Data) --- Economics of Gender --- Non-labor Discrimination --- Labor Economics: General --- Education: General --- Environmental Economics: General --- Investment & securities --- Gender studies --- women & girls --- Labour --- income economics --- Education --- Environmental economics --- Securities --- Women --- Labor --- Environment --- Financial institutions --- Gender --- Financial instruments --- Labor economics --- Environmental sciences --- Liberia --- Poverty --- Economic development --- International Monetary Fund --- Economic conditions. --- Economic policy. --- Income economics --- Women & girls --- Women's Studies
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Investments, Foreign --- History --- Liberia --- Ghana --- Economic conditions --- Industries --- -Industries --- -Investments, Foreign --- -Capital exports --- Capital imports --- FDI (Foreign direct investment) --- Foreign direct investment --- Foreign investment --- Foreign investments --- International investment --- Offshore investments --- Outward investments --- Capital movements --- Investments --- Industrial production --- Industry --- Economics --- -Economic conditions. --- Theses --- -History --- Chia-na --- Gana --- Republic of Ghana --- Ganah --- Government of Ghana --- Rèpublica du Gana --- Qana --- Qana Respublikası --- Gana ka Fasojamana --- Republik Ghana --- Гана --- Gana Respublikaḣy --- Hana (Ghana) --- Рэспубліка Гана --- Rėspublika Hana --- Република Гана --- Republika Gana --- Ghanská republika --- Gweriniaeth Ghana --- Gáana --- Ghana Vabariik --- Γκάνα --- Gkana --- Δημοκρατία της Γκάνας --- Dēmokratia tēs Gkanas --- República de Ghana --- Ganao --- Ghanako Errepublika --- Tjóðveldið Gana --- République du Ghana --- Poblacht Ghána --- Yn Ghaney --- Ghaney --- Pobblaght ny Ganey --- Poblachd Ghàna --- Ганмудин Орн --- Ganmudin Orn --- 가나 --- 가나 공화국 --- Gana Konghwaguk --- Ochíchìíwú Ghana --- Ганæ --- Ganæ --- Республикæ Ганæ --- Respublikæ Ganæ --- IGana --- Repubblica del Ghana --- גאנה --- רפובליקת גאנה --- Republiḳat Ganah --- ガーナ --- Capital exports --- Economic conditions. --- History. --- Industries, Primitive --- Investments, Foreign - Liberia - History --- Investments, Foreign - Ghana - History --- Industries - Liberia - History --- Industries - Ghana - History --- Liberia - Economic conditions --- Ghana - Economic conditions - 1957-1979
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This report evaluates the outcomes of World Bank Group support to Liberia from its post-war reengagement in 2003 through 2011. The country has moved from total disarray to a solid foundation for inclusive development. Although development has not moved forward as quickly as hoped, substantial progress has been made. Public finance and key institutions have been rebuilt; crucial transport facilities have been restored; and hospitals, schools, and universities are operating. The debilitating burden of massive external debt has been eliminated. Although the government deserves most of the credit, this success would not have been possible without external development and security partners, including the World Bank Group. Regarding outcomes, the rebuilding of public institutions has seen substantial progress, with important achievements in restoring public finances and reforming the civil service. Regarding the rehabilitation of infrastructure, the World Bank Group has helped improve the conditions of roads, ports, power supply, and water and sanitation. However, World Bank Group financial support has been relatively modest with regard to facilitating growth, but it has helped with policy advice and in filling gaps left by other partners. With regard to the three cross-cutting themes of Bank Group strategy, some effective programs were carried out, including capacity development at several core public finance-related agencies. However, the integration of these themes across World Bank Group interventions, which was the underlying intent, still needs a vision and better articulated strategy. Finally, the Bank and the International Monetary Fund led efforts to reduce Liberia's inherited external debt burden under the enhanced Highly-Indebted Poor Country Initiative and the Multi-lateral Debt Relief Initiative mechanisms. Most development partners have faced the task of transitioning from support for emergency reconstruction to support for sustained development. This is a significant challenge for the World Bank Group, coming at a time when the dynamism which characterized its emergency support is widely perceived to be abating. Although the evaluation is in broad agreement with the approach of the Liberia program, two issues merit greater attention: (i) the stewardship of natural resources, including the need to systematically enhance the quality of governance across the value chain of resources- with the overarching goal of sharing the benefits among all Liberians; (ii) the need to create job opportunities, especially among youth, and to address the pervasive unemployment/ underemployment problem. Finally, there is a need to improve the investment climate.
Liberia -- Economic conditions -- 2003 -. --- Liberia -- Economic policy. --- World Bank -- Liberia. --- Business & Economics --- Economic History --- Economic development projects --- Evaluation. --- World Bank (Liberia) --- Liberia --- Economic conditions --- Economic policy. --- Interim Government of National Unity (Liberia) --- IGNU --- Republic of Liberia --- Liberië --- Republiek van Liberië --- Republica de Liberia --- Liberiya --- Liberiya Respublikası --- Ліберыя --- Liberyi︠a︡ --- Libirya --- Liberija --- Republika Liberija --- Либерия --- Liberii︠a︡ --- Република Либерия --- Republika Liberii︠a︡ --- Gweriniaeth Liberia --- Republik Liberia --- Libeeria --- Libeeria Vabariik --- Λιβερία --- Liveria --- Δημοκρατια της Λιβεριας --- Dēmokratia tēs Liverias --- Liberio --- Liberiako Errepublika --- République du Liberia --- Libearia --- Labiriyaa --- Libéir --- Laibeer --- Pobblaght ny Laibeer --- Libèiria --- Poblachd Libèiria --- Lýðveldið Líbería --- Repubblica di Liberia --- ליבריה --- Liberyah --- רפובליקת ליבריה --- Republiḳat Liberyah --- 利比里亚 --- Libiliya --- Либерия республика --- Liberii︠a︡ respublika --- Liberi --- Liberya --- Komara Lîberyayê --- Либери --- Libērijas Republika --- Liberijos Respublika --- Libeïa --- Republíki ya Liberia --- Libériai Köztársaság --- Либерија --- Република Либерија --- Liberja --- Tlācatlahtohcāyōtl Liberia --- Republiek Liberia --- Reppubliek Liberië --- リベリア --- Riberia --- リベリア共和国 --- Riberia Kyōwakoku --- IGNU (Liberia)
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This paper discusses whether adopting the U.S. dollar as the sole legal tender could help Liberia, a postconflict economy, to boost growth and strengthen fiscal discipline. In view of the performance of exchange rate regimes in many countries and Liberia's own experience with dollarization, we conclude that Liberia should not adopt full dollarization for the following reasons: (i) the alleged benefits voiced by the proponents of dollarization, in terms of enhanced fiscal discipline and faster economic growth, are not supported by the empirical evidence; (ii) dollarization would increase the Liberian economy's vulnerability to external shocks and Liberia's social fragility; (iii) banks in fully dollarized economies face additional capitalization requirements that Liberian banks cannot meet at present; and (iv) dollarization would be costly in terms of real resources because of the loss of seigniorage.
Dollar, American. --- Electronic books. -- local. --- Liberia -- Economic conditions. --- Liberia -- Economic policy. --- Monetary policy -- Liberia. --- Finance --- Business & Economics --- Money --- Monetary policy --- Liberia --- Economic conditions. --- Economic policy. --- Monetary management --- American dollar --- Interim Government of National Unity (Liberia) --- IGNU --- Republic of Liberia --- Liberië --- Republiek van Liberië --- Republica de Liberia --- Liberiya --- Liberiya Respublikası --- Ліберыя --- Liberyi︠a︡ --- Libirya --- Liberija --- Republika Liberija --- Либерия --- Liberii︠a︡ --- Република Либерия --- Republika Liberii︠a︡ --- Gweriniaeth Liberia --- Republik Liberia --- Libeeria --- Libeeria Vabariik --- Λιβερία --- Liveria --- Δημοκρατια της Λιβεριας --- Dēmokratia tēs Liverias --- Liberio --- Liberiako Errepublika --- République du Liberia --- Libearia --- Labiriyaa --- Libéir --- Laibeer --- Pobblaght ny Laibeer --- Libèiria --- Poblachd Libèiria --- Lýðveldið Líbería --- Repubblica di Liberia --- ליבריה --- Liberyah --- רפובליקת ליבריה --- Republiḳat Liberyah --- 利比里亚 --- Libiliya --- Либерия республика --- Liberii︠a︡ respublika --- Liberi --- Liberya --- Komara Lîberyayê --- Либери --- Libērijas Republika --- Liberijos Respublika --- Libeïa --- Republíki ya Liberia --- Libériai Köztársaság --- Либерија --- Република Либерија --- Liberja --- Tlācatlahtohcāyōtl Liberia --- Republiek Liberia --- Reppubliek Liberië --- リベリア --- Riberia --- リベリア共和国 --- Riberia Kyōwakoku --- Economic policy --- Currency boards --- Money supply --- IGNU (Liberia) --- Banks and Banking --- Foreign Exchange --- Money and Monetary Policy --- Public Finance --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Debt --- Debt Management --- Sovereign Debt --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Monetary economics --- Currency --- Foreign exchange --- Public finance & taxation --- Banking --- Currencies --- Exchange rate arrangements --- Dollarization --- Government asset and liability management --- Finance, Public --- Banks and banking
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