{"id":89513,"date":"2026-04-16T12:18:13","date_gmt":"2026-04-16T12:18:13","guid":{"rendered":"https:\/\/www.africa-press.net\/liberia\/all-news\/ngafuan-engages-imf-on-crisis-response-and-resilience"},"modified":"2026-04-16T12:28:17","modified_gmt":"2026-04-16T12:28:17","slug":"ngafuan-engages-imf-on-crisis-response-and-resilience","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/liberia\/all-news\/ngafuan-engages-imf-on-crisis-response-and-resilience","title":{"rendered":"Ngafuan Engages IMF on Crisis Response and Resilience"},"content":{"rendered":"

Africa-Press – Liberia. <\/strong><\/span>On the margins of the ongoing IMF\/World Bank Spring Meetings in Washington, D.C., Liberia\u2019s Minister of Finance and Development Planning, Augustine Kpehe Ngafuan, held a strategic meeting with Daehaeng Kim and his delegation from the International Monetary Fund, focusing on Liberia\u2019s response to global economic shocks and its path toward long-term resilience.<\/p>\n

The high-level engagement centered on the growing impact of the ongoing crisis in the Middle East on Liberia\u2019s economy, with Minister Ngafuan outlining how external disruptions are affecting domestic stability.<\/p>\n

He noted that rising global uncertainties\u2014particularly in energy and supply chains\u2014are placing pressure on Liberia\u2019s economic outlook, requiring timely and coordinated policy responses.<\/p>\n

Ngafuan informed the IMF team that the Liberian government has already initiated measures to mitigate the effects of these shocks, while maintaining a careful balance between fiscal discipline and social protection.<\/p>\n

He stressed that safeguarding vulnerable populations remains a central pillar of the government\u2019s strategy, even as it navigates constrained fiscal space.<\/p>\n

\u201cWe remain committed to disciplined fiscal management while protecting vulnerable populations,\u201d Ngafuan emphasized, reaffirming Liberia\u2019s commitment to responsible economic stewardship.<\/p>\n

The Finance Minister also welcomed the continued support of the World Bank and the IMF, noting that sustained collaboration with international partners is essential as Liberia works to consolidate development gains and sustain inclusive growth in a volatile global environment.<\/p>\n

In response, IMF Mission Chief Daehaeng Kim commended Liberia for what he described as prudent management of its economy despite mounting external pressures.<\/p>\n

He reiterated the Fund\u2019s commitment to working closely with the Liberian government to advance its development priorities and strengthen economic resilience.<\/p>\n

Significantly, Kim disclosed that Liberia is on course for approval by the IMF Executive Board of its application to the Resilience and Sustainability Fund (RSF)\u2014a key financing mechanism aimed at supporting climate resilience and sustainable development.<\/p>\n

Once approved, the RSF is expected to provide substantial financial resources over a two-year period to support Liberia\u2019s climate-smart development initiatives. The funding will play a critical role in enhancing the country\u2019s capacity to respond to climate-related risks while reinforcing broader economic stability.<\/p>\n

The meeting underscores Liberia\u2019s proactive engagement with global financial institutions at a time of heightened economic uncertainty.<\/p>\n

By combining immediate crisis response measures with long-term resilience planning, the government is seeking to position the country for sustainable growth while mitigating the impact of external shocks.<\/p>\n

As discussions continue in Washington, Liberia\u2019s engagement with the IMF signals a broader strategy to secure both financial and technical support\u2014ensuring that the country remains on a steady path toward economic stability, climate resilience, and inclusive development.<\/p>\n

For More News And Analysis About Liberia<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Liberia. On the margins of the ongoing IMF\/World Bank Spring Meetings in Washington, D.C., Liberia\u2019s Minister of Finance and Development Planning, Augustine Kpehe Ngafuan, held a strategic meeting with Daehaeng Kim and his delegation from the International Monetary Fund, focusing on Liberia\u2019s response to global economic shocks and its path toward long-term resilience. 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