Liberia Gets US$50 Million IMF Disbursement to Bolster Reserves

The International Monetary Fund (IMF) has approved the disbursement of US$50.16 million to Liberia to bolster its reserves. This payment follows two reviews conducted on 28 September 2026. The funds are intended to strengthen Liberia's reserves at the Central Bank of Liberia, rather than serve as direct budget support. The disbursement is the result of the successful completion of the IMF's 40-month Extended Credit Facility (ECF) and the first review of a 21-month Resilience and Sustainability Facility (RSF).

The ECF, which has disbursed a total of SDR 96.5 million (approximately US$131.67 million), pays an additional SDR 19.3 million (about US$26.2 million), while the RSF, approved in April 2026, releases SDR 17.62 million (around US$23.96 million). The IMF's approval comes after Liberia demonstrated satisfactory economic performance, with a real GDP growth rate of 5.1% in 2025 and projections of 5.5% for 2026.

The growth surge is mainly driven by mining production, supported by construction and manufacturing sectors. The IMF's Executive Board praised Liberia's fiscal consolidation efforts, which have helped reduce debt vulnerabilities, and noted that capital spending on long-term projects has accelerated. However, the Fund also highlighted several areas that require attention, including improving revenue collection, managing a one-off mining concession payment, finishing bank restructuring, enhancing governance and fiscal transparency, and advancing climate reforms under the RSF.

The IMF's decision reflects its continued support for Liberia's policies, and the funding will help increase the Central Bank's international reserves. The Liberian government welcomes the disbursement as a vote of confidence in President Joseph Boakai's leadership, vowing to maintain the gains made.