The IMF has approved a new 21-month Resilience and Sustainability Facility for Liberia worth about $266 million and completed the country’s third review under its Extended Credit Facility program.
The International Monetary Fund has approved a new 21-month funding arrangement for Liberia worth about $266 million, while also completing the third review of the country’s existing reform program.
In a statement dated April 27, the IMF said its Executive Board approved a Resilience and Sustainability Facility for Liberia valued at SDR 193.8 million, or about US$266 million. The facility is meant to support climate resilience, macroeconomic stability and reform priorities in the country.
The board also completed the third review under Liberia’s Extended Credit Facility program, which unlocks an immediate disbursement of SDR 19.3 million, or about US$26.49 million.
Reuters and Africanews both reported the same approval and disbursement figures, confirming the IMF’s decision.
The approval gives Liberia fresh external financing at a time when the country is seeking to strengthen economic stability and prepare for climate-related shocks. The separate climate-focused facility is designed to back longer-term resilience measures alongside the government’s broader reform agenda.
The IMF did not provide an immediate public timeline in the materials reviewed for when the new funds will be fully drawn or how Liberia plans to deploy them.
The approval follows an IMF staff-level agreement reached in January on Liberia’s third review and request for the resilience facility, showing the deal had been under discussion for several months before final board signoff.
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