The International Monetary Fund (IMF) Executive Board on Monday, April 27, 2026, concluded the third review of Liberia’s Extended Credit Facility (ECF) programme and approved a new Resilience and Sustainability Facility (RSF) arrangement worth SDR 193.8 million (about US$266 million).
The new 21-month RSF programme for the Liberia is designed to strengthen macroeconomic stability and build resilience against climate-related shocks, while supporting long-term development reforms. In addition, the Board authorised an immediate disbursement of SDR 19.3 million (about US$26.49 million) under the existing ECF arrangement.
The IMF noted that Liberia’s economy has shown strong performance, with growth reaching 5.1% in 2025 and projected to remain robust into 2026, supported largely by expansion in mining activity. Medium-term growth is expected to stabilise around 5.6%, assuming continued reform implementation.
Key reform priorities include boosting domestic revenue mobilisation, upgrading infrastructure with climate-resilient investments, strengthening the financial sector through bank restructuring, and improving governance systems. The government has also committed to advancing tax reforms, including the planned rollout of VAT in 2027.
According to IMF Acting Chair Bo Li, Liberia has made progress in restoring fiscal stability, though risks remain from global economic pressures such as rising oil prices and reduced external assistance.
The RSF arrangement will further support climate adaptation and pandemic preparedness efforts, reinforcing Liberia’s broader reform agenda aimed at enhancing economic resilience and safeguarding external stability.