{
  "title": "IMF Staff Completes Mission to Liberia",
  "publication": "IMF News, July 5, 2024",
  "sourceUrl": "https://www.imf.org/en/news/articles/2024/07/05/pr24261-liberia-imf-staff-concludes-mission",
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  "summary": "IMF Staff Completes Mission to Liberia",
  "publishDate": "2024-07-05",
  "sections": [
    {
      "heading": "Mission overview",
      "content": "- Press Release No. 24/261\n- Mission dates: June 24 – July 5, 2024\n- Purpose: Discuss with the Liberian authorities a new Extended Credit Facility (ECF) arrangement to support the new administration’s implementation of an ambitious reform agenda.\n- Mission leader: Mr. Daehaeng Kim, Mission Chief for Liberia\n- Next steps: Discussions will continue in the coming days to finalize the staff-level agreement, aiming to bring Liberia’s request for the new IMF-supported program to the IMF’s Executive Board in September 2024."
    },
    {
      "heading": "IMF staff assessment and preliminary findings",
      "content": "- The authorities’ efforts to tackle immediate policy challenges and restore policy credibility are proceeding well.\n- Fiscal: Authorities have streamlined recurrent public spending and enhanced revenue management, which have significantly reduced the fiscal deficit in the first five months of 2024.\n- Monetary and external sector:\n  - Current prudent monetary policy stance has contributed to a gradual decrease in inflation to single digits.\n  - Monetary policy stance has contributed to a stable exchange rate.\n- Policy priorities welcomed by the IMF team:\n  - Restoring fiscal sustainability\n  - Rebuilding external reserves\n  - Revitalizing a reform agenda to tackle issues related to governance and corruption"
    },
    {
      "heading": "Program discussions and outstanding issues",
      "content": "- Consensus achieved on:\n  - Primary goals of a new IMF-supported program\n  - Most of the key policies to underpin the program\n- Outstanding items:\n  - A few policy issues require additional discussions before finalizing a staff-level agreement."
    },
    {
      "heading": "Stakeholders met",
      "content": "- President Joseph N. Boakai\n- Leadership of the National Legislature\n- Minister of Finance and Development Planning Boima Kamara\n- Executive Governor of the Central Bank J. Aloysius Tarlue\n- Senior government officials\n- Development partners"
    },
    {
      "heading": "Communications",
      "content": "- IMF Communications Department, MEDIA RELATIONS\n- PRESS OFFICER: Julie Ziegler\n- Phone: +1 202 623-7100\n- Email: MEDIA@IMF.org\n- @IMFSpokesperson\n\nIMF Staff Completes Mission to Liberia — July 5, 2024\n\n---\n\n\n References\n\n- Liberia and the IMF\n- Press Releases\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2024/07/05/pr24261-liberia-imf-staff-concludes-mission"
    }
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    "Published: July 5, 2024",
    "Press Release No. 24/261",
    "Mission dates: June 24 – July 5, 2024",
    "Purpose: Discuss with the Liberian authorities a new Extended Credit Facility (ECF) arrangement to support the new administration’s implementation of an ambitious reform agenda.",
    "Mission leader: Mr. Daehaeng Kim, Mission Chief for Liberia",
    "Next steps: Discussions will continue in the coming days to finalize the staff-level agreement, aiming to bring Liberia’s request for the new IMF-supported program to the IMF’s Executive Board in September 2024.",
    "The authorities’ efforts to tackle immediate policy challenges and restore policy credibility are proceeding well.",
    "Fiscal: Authorities have streamlined recurrent public spending and enhanced revenue management, which have significantly reduced the fiscal deficit in the first five months of 2024.",
    "Monetary and external sector:",
    "Policy priorities welcomed by the IMF team:",
    "Consensus achieved on:",
    "Outstanding items:",
    "President Joseph N. Boakai",
    "Leadership of the National Legislature",
    "Minister of Finance and Development Planning Boima Kamara",
    "Executive Governor of the Central Bank J. Aloysius Tarlue",
    "Senior government officials",
    "Development partners",
    "IMF Communications Department, MEDIA RELATIONS",
    "PRESS OFFICER: Julie Ziegler",
    "Phone: +1 202 623-7100",
    "Email: MEDIA@IMF.org",
    "@IMFSpokesperson",
    "[Liberia and the IMF](http://www.imf.org/external/country/LBR/index.htm)",
    "[Press Releases](https://www.imf.org/en/news/searchnews)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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