IPNEWS: The International Monetary Fund (IMF) 3rd Review Mission, led by Mission Chief Daehaeng Kim and IMF Resident Representative Joel Chiedu Okwuokei, held a high-level meeting today with Liberia’s Minister of Finance and Development Planning, Augustine Kpehe Ngafuan and key stakeholders from the energy, works, environment, water sector, among others.
The discussions focused on ongoing negotiations under the Resilience and Sustainability Facility (RSF), with particular emphasis on supply-side considerations.
The RSF, established under the IMF’s Resilience and Sustainability Trust (RST), is designed to provide financing that supports climate change adaptation and mitigation, as well as pandemic preparedness. It specifically targets low-income and vulnerable countries, including Small Island Developing States (SIDS).
Under the RSF framework, Liberia is eligible to access financing equivalent to 150 percent of its IMF quota, amounting to approximately US$1.4 billion in Special Drawing Rights (SDRs).
The facility offers highly concessional terms, including a 20-year maturity period, a 10-year grace period, and below-market interest rates.
Beyond direct financing, the RSF can also be leveraged for budgetary support, enabling countries to advance policy reforms, invest in green public infrastructure, and strengthen efforts toward climate-resilient development outcomes.
