The mission, conducted from January 7 to 20, forms part of ongoing engagements under Liberia’s ECF arrangement approved by the IMF Executive Board on September 25 2024. The programme provides total access of $210 million over 40 months.

Discussions also advanced on the proposed RSF arrangement, which would make available $265 million through to the end of 2027. The IMF Executive Board is expected to consider the request in early March 2026.

In a statement at the end of the mission, Kim confirmed that IMF staff and the Liberian authorities had agreed on the policy measures required to complete the ECF review and progress the request for RSF support.

“Liberia’s economic and financial reforms continue to progress, supported by favourable macroeconomic outcomes,” he said.

The IMF reported that Liberia’s economic outlook strengthened over the past year. Real gross domestic product (GDP) growth is estimated at 5.1% in 2025, up from 4.0% in 2024, driven by strong mining output and moderate expansion in agriculture and services.

Inflation declined sharply, averaging 4.4% in the fourth quarter of 2025 compared with 12.5% in the first quarter. The Liberian Dollar remained broadly stable, with some seasonal appreciation observed toward the end of the year.

Fiscal performance also improved. The primary fiscal surplus excluding grants is estimated to have risen from 1.3% of GDP in 2024 to 1.4% in 2025, above the programme target of 1.1%.

Kim emphasised that sustaining momentum will require continued commitment. “Steadfast reform implementation will be essential to consolidating macroeconomic stability, reducing debt vulnerability, and strengthening the banking sector.”

He said prudent fiscal policies, stronger domestic revenue mobilisation, improved public financial management and enhanced monetary policy effectiveness would be central to maintaining stability. Rapid implementation of banking‑sector reforms remains crucial for protecting financial resilience.

–IMF/ChannelAfrica–