IMF Announces New Credit Facility for Liberia

The International Monetary Fund (IMF) has reached a staff-level agreement to provide Liberia with a 40-month extended credit facility worth $209 million. This arrangement will be subject to approval from the IMF Executive Board, which is scheduled to discuss it on September 25.

The International Monetary Fund (IMF) has announced a staff-level agreement on a new 40-month extended credit facility arrangement for Liberia, amounting to $209 million. The decision represents a significant step toward strengthening Liberia's financial footing.

This arrangement is not yet final and is subject to approval by the IMF Executive Board. The board discussion regarding the credit facility is slated for September 25, according to the IMF's statement released on Monday.

The approval of this facility could provide crucial support for Liberia's economic stability and development over the coming years.

(With inputs from agencies.)