Liberia - Economic memorandum

Report No. 873-LBR FILE Liberia Economic Memorandum September 15, 1975 Western Africa Region Not for Public Use Document of the International Bank for Reconstruction and Development International Development Association This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents mnay not otherwise be disclosed without World Bank/IFC authorization.  CURR'ENCY EQUIVAIENT The official monetary unit is the Liberian dollar,,with a par value equal to that of the U.S. dollar. Apart from the Liberian dollar, the U.S. dollar is a legal tender in Liberia.  TABLE OF CONTENTS Page No. Country Data Map Preface Introduction and Summary i-iii PART ONE - RECENT ECONOMIC DEVELOPMENTS AND SHORT-TERM PROSPECTS I. Economic Performance, Policies and Outlook - Production and Income 1 - Prices and Monetary Developments 4 - Fiscal Performance 7 - Concession Agreements 15 - External Trade, Payments and Creditworthiness 16 II. Sector Problems and Issues - Agriculture 18 - Manpower and Education 20 PART TWO - A MACRO-ECONOMIC MODEL FOR LIBERIA I. The Basis for Projections - Data 22 - The Structure of the Economy - Elements of a Model 22 II. Key Elements of the Projections - Projections 27 STATISTICAL APPENDIX - List of Tables 32   Page 1 of 3 Pages WIuNS! DATA- LIBERIA ARIA PPiATION MIASITI 111,369 hot r~~~~~~r~~~~n