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"Identify National Issues Confronting Macroeconomic Stability’’ Finance Minister Kamara says.


Monrovia, Liberia - Finance and Development Planning Minister, Hon. Boima S. Kamara is calling on the International Monetary Fund to help identify national issues confronting macroeconomic stability to improve the livelihood of Liberians across all sectors of government.

Liberia, a country striving to rebuild its economy, faces numerous obstacles on its path to sustainable development. The engagement of the IMF delegation with the Liberian finance minister underscores the significance of international support and collaboration in handling these challenges.

Minister Kamara made the disclosure on Tuesday February 20, 2024, when an IMF Review Mission led by the Deputy Director of the African Department, Mr. Montfort Mlachila paid a courtesy visit at the Ministry of Finance and Development Planning.

The meeting aimed to identify key hurdles hindering the country's economic growth and to strategize on potential solutions.

According to him, when national development issues are identified, both teams can work together, and re-engage to improve national development and growth across all sectors of the economy.

He described the mission’s visit as being very important, especially at a time of government’s new development plans that align with the ARREST Agenda of President Joseph Nyumah Boakai.

Hon. Kamara commended the IMF for being a strategic partner over the years that continues to finance and deliver impactful development projects across the country.

“Your visit is an outcome of what we look forward to that will bring us back to a place where a return of macroeconomic stability in the nation is achieved.”

For his part, the Deputy Director of the African Department, Mr. Mlachila said his team was in Liberia to undertake the review of recent developments in Liberia and to engage the new government on programs and to help address major challenges. 

Mr. Mlachila explained that his team looks forward to a productive and strong collaboration with the government and they “stand-ready” in whatever ways to support the country's development plans.

He disclosed that the team will meet with various stakeholders across ministries, agencies including the Central Bank governor and the private sectors.

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