President Joseph Nyuma Boakai, Sr., of Liberia received a delegation from the International Monetary Fund (IMF) Extended Credit Facility (ECF) program on Monday. The delegation was led by Mission Chief Mr. Daehaeng Kim and included Mr. Aidar Abdychev, IMF Resident Representative, Mr. Giuseppe Cipollone, Senior Economist for Fiscal, and Tamsir Cham, Senior Advisor to the Executive Director.
The head of the delegation expressed gratitude for the warm reception and pledged support for Liberia’s economic recovery and the ARREST Agenda, which aims to achieve macroeconomic policy objectives aligned with the country’s development priorities. The delegation is in Liberia to evaluate ongoing policy priorities and negotiate a new four-year ECF program running from September 2024 to 2027.
The Liberian leader was commended for promoting transparency and accountability by declaring and publishing his assets. In response, President Boakai expressed gratitude to the IMF for considering Liberia for the ECF program. He emphasized his commitment to building institutions, holding public officials accountable, fighting corruption, and using the country’s limited resources to develop infrastructure and improve livelihoods for all Liberian citizens.
President Boakai sought the IMF’s support in building a new Liberia and emphasized his determination to lead positive change in the country. This meeting builds on previous discussions held in Washington, D.C., last December and earlier meetings in February with President Boakai.
