Africa News of Tuesday, 28 April 2026

Source: africanews.com

IMF approves new $266 million funding deal for Liberia

Wide view of Monrovia, Liberia, from the top of the Ducor Hotel Wide view of Monrovia, Liberia, from the top of the Ducor Hotel

The IMF also completed the third review of Liberia’s Extended Credit Facility programme, unlocking an immediate disbursement of $26.49 million. That brings total disbursements under the programme to nearly $106 million.

Liberia’s economy grew by 5.1% in 2025, driven largely by mining, and the IMF says growth is expected to remain strong despite worsening global conditions and rising uncertainty.

The Fund says Liberia has made progress on reforms and restored fiscal sustainability, but warns that risks remain, including high oil prices and reduced bilateral assistance.

Key priorities going forward include boosting domestic revenue, improving infrastructure, restructuring weak banks, strengthening financial regulation, and tackling governance challenges.

The IMF says the new facility will also support Liberia’s climate adaptation efforts, help mobilise external financing, and strengthen the country’s overall economic resilience.