IMF approves $210m credit facility for Liberia

The International Monetary Fund (IMF) has approved a 40-month Extended Credit Facility (ECF) arrangement worth $210 million for Liberia to support the country’s Economic Reform Agenda. The initial disbursement of $5.8 million will help address Liberia’s balance of payments needs and promote macroeconomic stability.

The financing aims to strengthen fiscal sustainability, address debt vulnerability, and foster inclusive, private-sector-led growth beyond the natural resource sector.

Key reforms include reducing unproductive spending, introducing a Value Added Tax (VAT), and enhancing financial stability through improved debt management and banking sector regulations. The IMF highlighted the importance of protecting social spending, especially in education and health, while improving fiscal discipline and transparency.

Attribution: IMF

Subediting: M. S. Salama