The International Monetary Fund (IMF) 3rd Review Mission met with Liberia’s Minister of Finance and Development Planning, Augustine Kpehe Ngafuan, as well as stakeholders from sectors such as energy, works, environment, and water. The meeting took place in Monrovia and was led by IMF Mission Chief Daehaeng Kim and IMF Resident Representative Joel Chiedu Okwuokei.
The main focus of the discussions was ongoing negotiations under the Resilience and Sustainability Facility (RSF). Talks emphasized supply-side issues related to climate adaptation and sustainability efforts.
According to the IMF, the RSF is part of the broader Resilience and Sustainability Trust (RST), which aims to provide financing for climate change adaptation, mitigation measures, and pandemic preparedness. The facility is specifically intended for low-income and vulnerable countries, including Small Island Developing States.
Liberia is eligible to access up to 150 percent of its IMF quota through the RSF, amounting to approximately US$1.4 billion in Special Drawing Rights (SDRs). The terms offered are highly concessional: a 20-year maturity period, a 10-year grace period before repayments begin, and interest rates below market levels.
The RSF can also be used for budgetary support. This allows recipient countries like Liberia to pursue policy reforms, invest in green public infrastructure projects, and work toward achieving climate-resilient development goals.