IMF agrees on $209m credit facility for Liberia

The International Monetary Fund (IMF) and Liberia have reached a staff-level agreement on a $209 million 40-month Extended Credit Facility (ECF) programme.

This agreement, subject to approval by the IMF Executive Board, is designed to support Liberia’s ambitious reform agenda, focusing on restoring fiscal sustainability, rebuilding external reserves, and ensuring financial sector stability. The IMF suggests that if approved and implemented effectively, the ECF arrangement would potentially lead to stronger economic performance and increased international support for Liberia’s reform initiatives.

The Board is expected to discuss the arrangement on September 25, 2024.

Attribution: IMF

Subediting: M. S. Salama