IMF predicts strong economic rebound in Liberia, approves funds

11/25/2021 | 06:49am

DAKAR (Reuters) - Economic growth in Liberia will rebound sharply this year and in 2022 following contractions last year due to the pandemic, the International Monetary Fund (IMF) said as it approved financing for the West African nation.

The IMF executive board approved $23.64 million for Liberia under the fund's extended credit facility, it said late on Wednesday.

Liberia's economy, which is reliant on minerals exports, is projected to expand by 3.6% in 2021 and 4.7% in 2022, the IMF added.

(Writing by Bate Felix; Editing by Pravin Char)

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