Monrovia, Feb. 7 -- The Executive Board of the International Monetary Fund (IMF) has approved Liberia's access to $46 million following the successful completion of the first review of the country's arrangement under the Extended Credit Facility (ECF).

The funds will be used to bolster Liberia's international reserves, a critical step in supporting the country's ongoing economic reforms.

This follows the approval of a $210 million ECF arrangement for Liberia in September 2024. The 40-month financing package is designed to assist Liberia in implementing its Economic Reform Agenda, known as the ARREST Agenda for Inclusive Development (AAID), which aims to address macroeconomic imbalances, enhance debt sustainability, and lay the foundati...