02486cas a2200241 a 4500 AALejournalIMF016117 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513523927 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Liberia : Request for a Four-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Liberia. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (154 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper highlights Liberia's Request for a Four-Year Arrangement Under the Extended Credit Facility. The program aims to support the authorities' strong adjustment efforts, catalyze significant donor financing, and provide a framework within which to implement the authorities' ambitious reform agenda. The authorities have demonstrated commitment by passing a credible budget for FY2020 that consolidates public finances, including by rightsizing the compensation of employees and implementing long-overdue comprehensive civil service reform, while protecting funds for critical social spending. The program also aims to catalyze substantial external support, which is critical to ensure that the programmed adjustment can be contained at levels that are politically and economically feasible while, at the same time, ensuring public and external debt sustainability. Ensuring financial sector stability is an important element of the program. Improving data reporting, obtaining an overview of the health of the banking system, and taking decisive measures as needed will help identify and address financial sector vulnerabilities. At the same time, enhancing the legal framework is important to ensure that the Central Bank of Liberia has the required instruments should remediation be necessary. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/381 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/381/002.2019.issue-381-en.xml IMF e-Library