The International Monetary Fund (IMF) and the Liberian Government have signed a US$209 Million Deal under the Extended Credit Facility program of the IMF.
Under this new arrangement, the IMF will give Liberia over US$200 Million aimed at supporting President Boakai’s administration with its robust reform agenda.
“I am pleased to announce that the IMF staff and the Liberian authorities have reached an agreement that will facilitate the IMF’s support for the new administration’s policy reform agenda,” Mr. Daehaeng Kim, the IMF’s mission chief for Liberia, said in a statement.
The latest support from the IMF is a boost for the Boakai-led administration because it reduces the tightness of the fiscal space and helps resolve balance of trade payments problems.
