The Management and Executive Board of the International Monetary Fund (IMF) have approved a 40-month Extended Credit Facility (ECF) arrangement of US$209 million for Liberia. The approval of the ECF funds was made at a Board meeting on Wednesday, September 25, 2024.
An excited Finance and Development Planning Minister, Augustine Kpehe Ngafuan, termed the achievement as a monumental step in ensuring that Liberia threads the path of fiscally responsible and sustainable development.
Ngafuan also noted that the IMF Board’s decision is an expression of confidence in the partnership between Liberia and the global financial institution.
He, however, attributed the achievement to “an all-of-government effort ably led by President Boakai.”
The Finance Minister lauded President Joseph Nyumah Boakai for his exemplary leadership role and commitment throughout the process.
He also lauded the National Legislature, the Central Bank of Liberia, his team at the Ministry of Finance and Development Planning, the Liberia Revenue Authority and other government stakeholders for their respective roles in making the program a reality
