The International Monetary Fund published a statement at the end of its staff mission to Liberia for the fourth review under the Extended Credit Facility arrangement and the first review under the Resilience and Sustainability Facility arrangement. The staff team said Liberia has made solid progress on macroeconomic stability, with robust performance against quantitative program targets, and that it reached understanding with the authorities on the policies underpinning the fourth ECF review. The statement projects real GDP growth of 5.5 percent in 2026, supported by mining, manufacturing and construction. Inflation rose to 5.3 percent year on year in May from 4 percent at end-2025, which the IMF linked to limited pass-through from higher global fuel prices amid a stable exchange rate. Fiscal performance is expected to remain aligned with program objectives, helped by domestic revenue mobilization and a one-off USD 200 million payment equal to 3.5 percent of GDP. At the same time, the current account deficit is projected to widen to about 18 percent of GDP in 2026 from 7 percent in 2025 because of higher fuel imports and increased capital goods imports tied to mining expansion and construction. The IMF said discussions will continue in the coming days.
International Monetary Fund2026-06-25
International Monetary Fund reaches understanding with Liberia on policies for fourth Extended Credit Facility review
An IMF staff mission to Liberia said the country has made solid macroeconomic progress and reached understanding with the authorities on policies for the fourth review under the Extended Credit Facility. The statement projected 5.5 percent GDP growth in 2026 and said fiscal performance remains on track, while the current account deficit is expected to widen sharply because of higher fuel and capital goods imports. Discussions will continue in the coming days.