IMF Softening to Liberia

The Executive Board of the International Monetary Fund has decided to initiate the de-escalation of the Fund's remedial measures that have been applied against Liberia.

To encourage further reform efforts by the Liberian authorities and to provide a positive signal to Liberia"s development partners, the Board decided to lift the declaration of non-co-operation that had been in place since March 30, 1990, the Fund said in a media statement on Monday.

The Board also decided that it could consider lifting the suspension of Liberia’s voting and related rights following satisfactory performance regarding economic policies and payments to the IMF during an evaluation period of approximately 12 months from the date of the Board decision.

The Liberia has made considerable progress in implementing its economic programme monitored by IMF staff, the statement said.

[The rest of the article is really out of date, referring to the Mittal Steel deal before it was renegotiated.]