This paper discusses Liberia’s Request for an Extension of the Arrangement Under the Extended Credit Facility (ECF). From mid-2014 to mid-2015, Liberia faced a serious Ebola virus disease crisis, which triggered the declaration of a state of emergency. End-June 2014 performance criteria (PCs) and indicative targets were met, except the revenue floor and the floor net foreign exchange position of the Central Bank of Liberia (CBL), and the ceiling on net domestic assets. The authorities are expected to request waivers for the missed PCs in light of corrective actions undertaken to improve revenue collection and strengthen the net foreign exchange position of the CBL. The IMF staff supports the authorities’ request to extend the ECF arrangement.
quota) was approved on February 23, 2015.
2. From mid-2014 to mid-2015, Liberia faced a serious Ebolavirusdiseasecrisis, which triggered the declaration of a state of emergency . The Ebola crisis had a disastrous impact on human lives, food security, and economic activity. Thanks to the efforts of Liberians, the Government of Liberia, and the international community, the Ebola epidemics eventually subsided and the World Health Organization (WHO) declared Liberia Ebola-free on September 3, 2015. 1
3. The fourth ECF review, originally scheduled to take place in