MONROVIA — The International Monetary Fund (IMF) Third Review Mission, led by Mission Chief Daehaeng Kim and IMF Resident Representative Joel Chiedu Okwuokei, on Tuesday held a high-level meeting with Liberia’s Minister of Finance and Development Planning, Augustine Kpehe Ngafuan, and key stakeholders from several sectors, including energy, public works, environment, and water.
The meeting focused on Liberia’s ongoing negotiations under the Resilience and Sustainability Facility (RSF), with discussions placing particular emphasis on supply-side considerations, officials said.
The RSF, established under the IMF’s Resilience and Sustainability Trust (RST), is intended to provide financing that supports climate change adaptation and mitigation as well as pandemic preparedness. The facility targets low-income and vulnerable countries, including Small Island Developing States (SIDS).
Under the RSF framework, Liberia is eligible to access financing of up to 150 percent of its IMF quota, estimated at about US$1.4 billion in Special Drawing Rights (SDRs).
The facility offers highly concessional terms, including a 20-year maturity, a 10-year grace period, and below-market interest rates.
Beyond direct financing, the RSF can also be used to support national budgets, helping countries implement policy reforms, invest in green public infrastructure, and strengthen efforts toward climate-resilient development.
