The International Monetary Fund approved a $266 million financing package for Liberia under its Resilience and Sustainability Facility, supporting the country's strongest economic growth in years at 5.1 percent, driven primarily by mining sector expansion and reform implementation.
Finance Minister Augustine Kpehe Ngafuan outlined Liberia's economic resilience strategies, citing record domestic revenue of $840 million in 2025 and fiscal discipline to counter global shocks including USAID aid withdrawal and rising fuel prices.
Liberia's Finance Minister Augustine Kpehe Ngafuan urged African governments to adopt innovative financing mechanisms beyond traditional budgets to deliver expanding services amid tightening fiscal constraints, rising debt, and declining donor support.
Liberia's Finance Minister Augustine Ngafuan advocated for climate justice at the World Bank/IMF Spring Meetings, highlighting that despite being a low greenhouse gas emitter, the nation ranks among the most climate-vulnerable, with 60 percent of its population exposed to coastal threats, while committing to 64 percent emission reductions by 2035.