Liberia and the International Monetary Fund held high-level talks Monday in Monrovia as the IMF’s 3rd Review Mission met with Finance Minister Augustine Kpehe Ngafuan and senior officials from the energy, works, environment and water sectors to advance negotiations under the IMF’s Resilience and Sustainability Facility (RSF), the Ministry of Finance said in a Facebook post.
The RSF framework would make Liberia eligible to receive financing equivalent to 150% of its IMF quota — roughly SDRs equal to about US$1.4 billion on highly concessional terms.
The facility offers a 20-year maturity, a 10-year grace period and interest rates below market levels, designed specifically to support climate change adaptation and mitigation as well as pandemic preparedness.
According to the ministry’s statement, discussions emphasized supply-side considerations and how RSF resources could be deployed as budgetary support to accelerate policy reforms, invest in green public infrastructure, and strengthen climate-resilient development outcomes across key sectors.
If finalized, the package could provide fiscal space for priority investments in energy, water and transport infrastructure while helping Liberia meet climate resilience objectives. Negotiations remain ongoing and any disbursement would be subject to further technical work and formal IMF approvals, the ministry said.
The meeting in Monrovia was led by IMF Mission Chief Daehaeng Kim and Resident Representative Joel Chiedu Okwuokei, who conferred with the ministry and sector stakeholders as part of the broader IMF review process. The parties said they will continue consultations to finalize the terms and operational plans for the proposed RSF support.
