WASHINGTON, DC, 22 December 2020 – The International Monetary Fund (IMF) has provided an additional $48.86 million in funding to Liberia.
The funds are part of an emergency assistance program approved by the IMF earlier this year to help implement reforms to stabilize the West African country’s economy.
The IMF also granted debt relief to Liberia earlier this year.
In 2017, Liberia’s presidential election won by George Weah was the country’s first democratic transition of power between different political parties since 1944.
The Liberian police and military assumed full responsibility for security in 2018, for the first since United Nations peacekeepers took over that role as part of a post-war peace agreement signed in 2003.
Liberia was still recovering from one of the world’s worst outbreak of Ebola (from 2014-2016) when the coronavirus pandemic hit.
Applying lessons learnt from tackling the Ebola outbreak, Liberia was one of the first countries in Africa to order a lockdown on 21 March 2020.