IMF Mulls Increasing Loan to Liberia

The International Monetary Fund is due to submit the fourth review of Liberia’s loan program to its board in June, Reuters reports. The move may enable the nation to access an additional USD6.8 million in financing from the fund. The review may also result in debt relief for Liberia. “Significant progress was achieved in advancing structural reforms critical to the extended credit facility program and the Heavily Indebted Poor Countries (HIPC) initiative,” IMF said in a statement.