The Acting Minister of Finance and Development Planning, Anthony G. Myers, has extolled the works of the outgoing Resident Representative of the International Monetary Fund (IMF), Aidar Abdychev for his tour of duty in Liberia. According to a statement from the MFDP dated August 10, 2024, Minister Myers lauded Abdychev for being instrumental in the ongoing discussions regarding the extension of the Extended Credit Facility (ECF) for Liberia. The MFDP boss indicated that the institution is now engaging with countries to succeed on programs they signed out with the IMF. He asserted that one of the required actions of the IMF on Liberia is the recast of the Fiscal Budget which is in advance stage. The outgoing IMF Resident Representative was honored by the MFDP and was given the name ‘Wolo’ in recognition of his contributions and collaboration. During his time in Liberia, the statement pointed out that Abdychev played a crucial role in advancing negotiations aimed at extending the ECF, a critical program designed to support Liberia’s economic stability and growth. The release noted that the efforts of the outgoing IMF Representative have been vital in shaping the discussions and guiding the country’s financial strategies. For his part, the Senate Committee Chair on Ways, Means & Finance, Senator Prince K. Moye stated that the belief that the IMF had instructed against assessing public corporations for contributing annual dividends to the budget during the previous administration is incorrect. According to him, the IMF name has been used for the wrong reasons and folks working in the government must be real. “If we have to make a decision as a country and that decision is in line with the progress of our economy, let it be clear,” Senator Moye said. Moreover, the Bong County Senator believes that some of these statements made during the past regime didn’t come from the IMF. Speaking in reaction to the honoring, the IMF Resident Representative revealed that the Fund is in Liberia as a partner to support the country’s effort. He assured members of the legislature of the Fund’s continuous engagement, adding that the Fund acknowledged the important work of the National Legislature. Mr. Abdychev said prior to his assignment to Liberia, he was aware of the country’s difficult past in the 90s and early 2000s. “I knew Liberia after going through the difficult times in the 90s and early 2000s. The country had to go through a lot of challenges to rebuild the economy and institutions, and what I can say is that there are still a lot of things to do,” he noted.
Source: 𝐋𝐈𝐍𝐀
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