IMF Staff Concludes Mission to Liberia

IMF News, November 20, 2024

Source details

IMF staff team led by Mr. Daehaeng Kim, Mission Chief for Liberia, visited Monrovia from November 6 – 19, 2024.
Purpose: to conduct the First Review of the Extended Credit Facility (ECF) arrangement approved on September 25, 2024.
Press Release No. 24/428.
Date of release: November 20, 2024.
Note: This mission will not result in a Board discussion. End-of-Mission press releases convey preliminary findings after a visit to a country; the views expressed are those of IMF staff and do not necessarily represent the views of the IMF’s Executive Board.

The IMF team was “encouraged by the robust economic activity, ongoing stability of prices and exchange rates, and the strong fiscal outturn.”
The team “welcomes the authorities’ steadfast commitment to the economic reforms supported by the ECF arrangement.”
IMF staff and the authorities have “reached understandings on most macroeconomic policies under the program.”
A few issues remain to be discussed further in the coming days; the team and authorities “look forward to continuing constructive discussion on the remaining issues, with a view to finalizing the staff-level agreement in coming weeks.”

Meetings included: President Joseph N. Boakai; leadership of the Senate; Minister of Finance and Development Planning, Mr. Augustine K. Ngafuan; Acting Executive Governor of the Central Bank of Liberia, Mr. Henry F. Saamoi; Senior Government Officials; and Development Partners.
The IMF team expressed thanks to the authorities and all other counterparts for their hospitality and constructive discussions.

IMF press release: "IMF Staff Concludes Mission to Liberia", November 20, 2024.