Liberia: IMF Approves U.S.$213.6 Million Extended Credit

Focus: to restore macroeconomic stability, setup fiscally sustainable growth path and strengthen governance and institutions of the public sector

The Executive Board of the International Monetary Fund (IMF) has approved a four-year arrangement under the Extended Credit Facility (ECF) for Liberia in an amount equivalent to SDR 155 million (60 percent of quota or about US$ 213.6 million) to help the country restore macroeconomic stability, provide a foundation for sustainable growth, and address weaknesses in governance.

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