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IMF Delegation arrives in Liberia

Varflay Kamara/Maximilian Kasseh,Jr.

A delegation from the International Monetary Fund (IMF) is in Liberia to hold discussions on new programs to help stabilize the Liberian Economy.

The INF Delegation is expected to hold discussions with the Minister of Finance and Development Planning, Samuel Tweah, and the Executive Governor of the Central Bank of Liberia, Nathaniel Patray.

According to an assessment report released Tuesday, June 11, 2019, by the IMF, Liberia is facing major economic challenges.

The report also underscore the urgent need for efforts to be placed on mobilizing domestic revenues and streamlining spending, especially the wage bill.

The International Monetary Fund wants the Central Bank of Liberia (CBL) tighten its monetary policy with the objective of reducing inflation to single digit by 2021.

 

 


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