The International Monetary Fund announced that IMF staff and the Liberian authorities have reached a staff-level agreement on the policy package required to complete the third review under Liberia’s Extended Credit Facility (ECF) arrangement, alongside a staff-level agreement on Liberia’s request for an arrangement under the Resilience and Sustainability Facility (RSF) focused on climate-shock vulnerability and pandemic preparedness. The ECF arrangement was approved on 25 September 2024 with total access of SDR 155 million (about USD 210 million) over 40 months, while the proposed RSF arrangement would provide total access of SDR 193.8 million (about USD 265 million) through end-2027. The statement pointed to strengthening macroeconomic conditions, including estimated real GDP growth of 5.1 percent in 2025 (4.0 percent in 2024), inflation averaging 4.4 percent in the fourth quarter of 2025 (12.5 percent in the first quarter), a stable exchange rate, and an estimated primary fiscal surplus excluding grants of 1.4 percent of GDP in 2025 (1.3 percent in 2024), above the program target of 1.1 percent. Reform priorities highlighted included prudent fiscal policy backed by revenue mobilization and public financial management, improved monetary policy effectiveness, and swift banking-sector measures to preserve financial stability; the RSF reform agenda is structured around disaster risk management and pandemic preparedness, climate finance and governance, and water and food security. IMF staff will prepare a report for management approval ahead of submission to the IMF Executive Board, with Board consideration tentatively scheduled for early March 2026.

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