Monrovia, Liberia – An International Monetary Fund (IMF) mission, led by Mr. Daehaeng Kim, Mission Chief for Liberia, has commenced a week-long advisory visit to Monrovia, running from February 26 to March 4, 2025. The primary objective of the mission is to provide expert guidance and support on critical economic and financial matters facing Liberia.
A central focus of the discussions will be the Article IV consultations, a standard procedure under the IMF’s Articles of Agreement. These consultations involve a comprehensive assessment of Liberia’s economic policies and performance, ensuring alignment with global economic stability and growth objectives. The IMF team will engage with Liberian authorities to analyze current economic trends, evaluate policy effectiveness, and offer recommendations for sustainable economic development.
Furthermore, the mission will address the significant issue of potential reductions in foreign aid. This topic is of paramount importance to Liberia, as it directly impacts the nation’s fiscal planning and development strategies. The IMF team will work with the Liberian government to explore strategies for mitigating the effects of reduced aid and fostering greater economic self-reliance.
“This visit underscores the IMF’s commitment to supporting Liberia’s efforts to achieve economic stability and sustainable growth,” stated an IMF spokesperson. “Through constructive dialogue and collaboration, we aim to contribute to the development of robust economic policies that will benefit the people of Liberia.”
The outcomes of these discussions are expected to play a crucial role in shaping Liberia’s economic trajectory and securing its long-term financial stability. This advisory visit marks a significant step in the ongoing partnership between Liberia and the IMF, aimed at fostering a resilient and prosperous economy.
