The International Monetary Fund (IMF) has approved a US$209 million loan to Liberia under the Extended Credit Facility (ECF) program. This financial assistance aims to support the Boakai administration’s policy reform agenda.
Mr. Daehaeng Kim, the IMF’s mission chief for Liberia, stated, “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.”
The IMF’s support is a significant boost for the Boakai-led administration, as it provides much-needed financial resources to address fiscal challenges and balance of trade payments problems.