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IMF Executive Board concludes the Third Review under the Extended Credit Facility, and approves a SDR 193.8 million Resilience and Sustainability Facility Arrangement for Liberia
The IMF Executive Board approved a new 21-month arrangement under the Resilience and Sustainability Facility (RSF) for Liberia in the amount of SDR 193.8 million (about US$266 million, equivalent to 75 percent of quota), aimed at supporting the authorities’ efforts to strengthen macroeconomic resilience by building buffers against climate shocks. The Board also completed the third review under the existing Extended Credit Facility (ECF) arrangement, enabling the immediate disbursement of SDR 19.30 million (about US$26.49 million). [...]