Coronavirus - Liberia: IMF Executive Board Approves a US$50 Million Disbursement to Liberia to Address the COVID-19 Pandemic

The authorities have responded by taking revenue and expenditure measures to support emergency food aid for the poor; improving monitoring and control of spending; and safeguarding scarce foreign exchange reserves

The IMF approved the disbursement of US$50 million (1.7 percent of GDP) under the Rapid Credit Facility to support the authorities’ response to the COVID-19 pandemic; The economic impact of the pandemic is hitting the poorest with little social safety net, and food security of those relying on uncertain daily…

International Monetary Fund (IMF) Reaches Staff-Level Agreement with Liberia on an Economic and Financial Program that Could be Supported Under the Extended Credit Facility

The key objectives of the program are to restore macroeconomic stability, provide a foundation for fiscally sustainable, inclusive growth, and address weaknesses in governance

The Liberian authorities and IMF staff reached a staff-level agreement on a new program subject to fulfillment of significant prior actions in the fiscal and monetary areas; The key objectives of the program are to restore macroeconomic stability, provide a foundation for fiscally sustainable, inclusive growth, and address weaknesses in…

IMF Staff Concludes Visit to Liberia

The mission supports the authorities’ objectives of restoring macroeconomic balance in the near-term, addressing weaknesses in governance and institutions of the public sector

A mission from the International Monetary Fund (IMF) led by Mika Saito, visited Monrovia June 12 - 24, 2019 to discuss possible financial support under the Extended Credit Facility. The mission supports the authorities’ objectives of restoring macroeconomic balance in the near-term, addressing weaknesses in governance and institutions of the…

IMF Executive Board Completes Seventh and Eighth ECF Reviews for Liberia and Approves US$20.7 Million Disbursement

Recourse to external borrowing should remain restrained as the risk of debt distress is already elevated

Completion of the reviews enables the immediate disbursement of SDR 14.764 million (about US$20.7 million), bringing total disbursements under the arrangement to SDR 111.664 million (about US$156.3 million). Good progress has been made on structural reforms, and it would be important that this momentum is maintained beyond the expiration of…

Peer-Learning Event on Gender Equality

Over the past two decades, Rwanda has emerged as a leader in advancing gender equality and is ranked among the top performing countries for women’s economic and political representation globally

The International Monetary Fund (IMF), the Rwanda Ministry of Gender and Family Promotion (MIGEPROF), UN Women and Uongozi Institute convened a peer learning event on gender equality in Kigali, Rwanda, November 2 to 4. The workshop aimed at: disseminating best-practices in promoting gender equality beyond the dissemination of theoretical approaches;…

IMF Executive Board Completes Fifth and Sixth ECF Reviews for Liberia, Increases Access, Extends the Arrangement, and Approves US$37.1 million Disbursement

This brings total disbursements under the arrangement to SDR 96.9 million (about US$129.9 million)

The Executive Board of the International Monetary Fund (IMF) today completed the fifth and sixth reviews of Liberia’s economic performance under the program supported by the Extended Credit Facility (ECF)[1] arrangement. Completion of these reviews enables the immediate disbursement of SDR 27.69 million (about US$37.1 million). This brings total disbursements…

IMF Staff Completes Combined Fifth and Sixth Review Mission to Liberia

Performance on the economic program supported by an Extended Credit Facility (ECF) has been uneven IMF Executive Board consideration of the 5th and 6th reviews of the program could take place in December Liberia’s GDP growth is projected to recover to about 3 percent in 2017 An International Monetary Fund…

IMF Executive Board Concludes 2016 Article IV Consultation with Liberia

On July 8, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Liberia. The Ebola epidemic and the fall in commodity prices revealed the vulnerabilities of Liberia’s economy. After barely positive growth in 2014, GDP was flat in 2015 mainly due to the…

Antoinette Sayeh, Director of the African Department, to Retire from the Fund

Ms. Antoinette Sayeh, Director of the African Department at the International Monetary Fund (IMF), has notified IMF Managing Director Christine Lagarde of her intention to retire from the Fund, effective August 31, 2016. “As the Director of the African Department for the past eight years, Antoinette has been enormously influential…

IMF Staff Completes 2016 Article IV Mission to Liberia

An International Monetary Fund (IMF) mission led by Mr. Carlo Sdralevich, visited Monrovia from April 20 to May 4, 2016 to conduct the 2016 Article IV consultations and initiate discussions on the fifth review of the government’s economic program supported by the IMF under an Extended Credit Facility (ECF) arrangement.…