MONROVIA–Liberia’s economic outlook for 2026 is projected positive, with 5.5% expected growth rate, according to the International Monetary Fund (IMF) which has also praised Liberia’s economic performance, citing significant progress in maintaining macroeconomic stability and implementing key reforms aimed at strengthening the country’s economy.
The assessment was made by IMF Mission Chief for Liberia, Mr. Daehaeng Kim, following the conclusion of an IMF staff mission to Liberia from June 10 to June 23, 2026.
The mission conducted the Fourth Review of Liberia’s Extended Credit Facility (ECF) Arrangement and the First Review under the Resilience and Sustainability Facility (RSF) Arrangement.
According to the IMF, Liberia has demonstrated solid progress in achieving macroeconomic stability, with performance under the IMF-supported program remaining strong and largely on track.
The Fund projects Liberia’s economy to grow by 5.5 percent in 2026, driven primarily by increased mining activities, particularly iron ore production, as well as expansion in the manufacturing and construction sectors.
The IMF also noted that inflation remains relatively controlled despite rising global fuel prices. Inflation increased moderately from 4 percent at the end of 2025 to 5.3 percent in May 2026, a development the Fund attributed to exchange rate stability and limited pass-through effects from higher international fuel costs.
In its assessment, the IMF welcomed the Liberian government’s commitment to maintaining fiscal discipline while advancing critical infrastructure investments and social spending programs. The Fund acknowledged ongoing efforts to strengthen domestic revenue generation and indicated that fiscal performance is expected to remain aligned with program objectives.
The IMF further highlighted the government’s continued investments in health, education, and support for vulnerable populations. These expenditures, the Fund noted, are being supported by strong domestic revenue performance and a one-time bonus payment of US$200 million, representing approximately 3.5 percent of Liberia’s Gross Domestic Product (GDP).
While the current account deficit is expected to widen in 2026 due to increased imports of fuel and capital goods associated with mining expansion and construction projects, the IMF emphasized that Liberia’s medium-term economic outlook remains positive.
Mr. Kim described discussions between IMF staff and Liberian authorities as constructive, noting that both sides reached a broad understanding on policies underpinning the fourth review of the ECF-supported program. He added that discussions would continue in the coming days as part of the review process.
During their visit, IMF officials held meetings with President Joseph Nyuma Boakai, Finance and Development Planning Minister Augustine Kpehe Ngafuan, Central Bank of Liberia Executive Governor Henry F. Saamoi, senior government officials, and development partners.
The IMF delegation expressed appreciation to the Government of Liberia and stakeholders for their cooperation, hospitality, and commitment to advancing reforms designed to strengthen economic resilience and promote sustainable growth.
The Fund’s latest assessment is expected to boost investor confidence and reinforce Liberia’s efforts to attract investment, expand economic opportunities, and improve living conditions for its citizens.
About The Author
