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Gov. of Liberia engages IMF

BST/LINA/Maximilian Kasseh
Finance and Development Planning Minister Samuel Tweah
Finance and Development Planning Minister Samuel Tweah

MONROVIA, LIBERIA-The Liberian Government has begun engagement with the International Monetary Fund (IMF) on the terms of new program.

The last IMF supported program with Liberia ended November 2017.

The discussions were held during the 2019 Spring Meetings attended by the Liberian Government delegation headed by Finance and Development Planning Minister Samuel Tweah.

Other members of the Liberian Delegation included the Central Bank Governor, Ministers of Foreign Affairs, Commerce and Industry, Education and Information amongst others.

According to the Liberia News Agency, Government’s key objectives at the Spring Meetings included to begin engagement with the IMF on the terms of a program hold preliminary conversations with the World Bank on the close of the IDA’s 18 cycle and additional financing possibilities under the new IDA 19.

The Delegation will further hold discussions with authorities at the Millennium Challenge Corporation on compact issues, especially the viability of the Liberia Electricity Corporation (LEC) whose management is being funded by the MCC Compact.

LINA quotes the Delegation as having held multiple meetings with the Liberia Mission of the IMF aimed at deriving a program framework.

It expressed the government‘s commitment to governance and microeconomic reforms, particularly reform of the current wage structure that has been development partner’s concern for several years.
 

 


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