MONROVIA, LIBERIA-The Executive Board of the IMF has approved a new financing package of about 266-million U.S Dollars under its Resilience and Sustainability Facility (RSF).

The funding will support climate adaptation, infrastructure, and pandemic preparedness over the next 21 months.

The IMF says Liberia’s economy is improving, with growth reaching 5.1 percent in 2005, driven mainly by mining.

It also praised the Liberian Government for maintaining stable policies and continuing reforms under its development agenda.

Following the approval by the IMF, the Liberian government welcomed the fund, terming it a major boost to its economic reform and resilience agenda.

Meanwhile, the IMF has also released an additional 26.49 million U.S. dollars under a separate program, bringing the total support to nearly 106 million USD.