MONROVIA, LIBERIA-The International Monetary Fund (IMF) has confirmed that Liberia’s economy grew by 5.1 percent in 2025.
On Monday, January 26, 2026, President Joseph Boakai announced that the country’s economy grew by 5.1, exceeding both the 4.6 percent forecast, and the 4.0 percent growth recorded in 2024.
The achievement, President Boakai said, was driven by significant gains in mining, agriculture, fisheries, and services.
In a statement released on Tuesday, January 27, 2026, the IMF noted that Liberia’s economic and financial reforms continue to progress and show favorable macroeconomic outcomes.
According to the IMF, inflation declined broadly, averaging 4.4 percent in the fourth quarter of 2025, compared to 12.5 percent in the first quarter.
It said the exchange rate remains stable, with some seasonal appreciation observed in late 2025.
The International Monetary Fund also confirmed Liberia’s fiscal performance has strengthened, with the estimated primary fiscal surplus, excluding grants, improving from 1.3 percent of GDP in 2024 to 1.4 percent in 2025.
Meanwhile, the IMF is recommending steadfast reform implementation to consolidate macroeconomic stability, reduce debt vulnerability, and strengthen the Banking Sector.
It said prudent fiscal policies, supported by enhanced revenue mobilization and public financial management, are critical for creating fiscal space for development priorities.
The IMF urged the Government of Liberia to strengthen its monetary policy effectively to safeguard price stability.
It stressed the need for the government to take decisive efforts to reinforce the regulatory framework and swiftly implement banking-sector measures for preserving financial sector stability.
The IMF also confirmed that a staff-level agreement was reached, based on Liberia’s request for access to the Resilience and Sustainability Facility (RSF).
Under the RSF, long-term vulnerability to climate-related shocks is addressed, and pandemic preparedness is enhanced.
The IMF stated that the proposed RSF arrangements, subject to approval by the IMF Executive Board, will support Liberia’s reform agenda to address long-term vulnerabilities to climate-related shocks and pandemics across three strategic pillars.
It is named disaster risk management and pandemic preparedness, climate finance and governance, and water and food security.
Meanwhile, President Joseph Bpakai has commended Vice President Jeremiah Koung, Chairman of the Special Presidential Ad-Hoc Committee on Price Stabilization.
President Boakai said,” The Committee’s work, over the months, has led to a reduction in the prices of basic commodities on the market”.
The Liberian Leader stated that prices have eased for rice, flour, and fuel, thus bringing relief for families.
Delivering his 3rd Annual Message to members of the 55th National Legislature on Monday, January 26, 2026, President Boakai promised to hold businesses that are found exploiting consumers accountable.
According to him, a 25kg bag of Indian parboiled rice is sold at 14 US dollars 50 cents, while the price of flour has dropped to 35 US dollars per bag.
President Joseph Boakai said fuel has also stabilized at about 4 dollars per gallon, a move that has helped to reduce transport costs.