Monrovia, Liberia – April 23, 2026–A delegation from the International Monetary Fund (IMF)/AFRITAC WEST 2 (AFW2) has engaged the Liberia Revenue Authority (LRA) in high-level discussions aimed at strengthening revenue reporting and improving fiscal analysis in Liberia as part of the technical assistance mission on fiscal reporting.
The meeting, held on Wednesday in Paynesville, focused on enhancing the quality and clarity of explanations accompanying government revenue figures, particularly the differences between budgeted and actual revenues reflected in the Government of Liberia’s consolidated financial statements.
Leading the IMF/AFW2 delegation, Ilyas Tufan emphasized the importance of developing clear, evidence-based narratives to explain revenue performance.
He noted that clear explanations are essential for determining whether revenue deviations are caused by policy changes, administrative actions, or broader economic conditions.
IMF officials pose for photo with LRA officials
“This helps ensure that fiscal performance is properly understood and accurately interpreted for decision-making.” Tufan said.
The IMF/AFW2 team underscored that the engagement forms part of ongoing efforts to strengthen transparency, accountability, and analytical consistency within Liberia’s public financial management system.
Clear and detailed reporting, the delegation noted, is essential not only for effective fiscal planning and reporting but also for sustaining the confidence in government fiscal reports of all stakeholders, including the general public and development partners supporting the country’s economic reform agenda.
The discussions also highlighted the need to align Liberia’s revenue reporting practices with international standards, including the use of consistent methodologies and data-driven analysis to explain fluctuations in revenue outturns. Strengthening these processes is expected to enhance fiscal oversight and support more responsive and evidence-based policymaking.
For his part, LRA Commissioner General James Dorbor Jallah reaffirmed the Authority’s commitment to improving reporting standards and deepening collaboration with international partners.
“We remain fully committed to enhancing the accuracy, transparency, and clarity of our revenue reporting systems. As the lead institution for domestic resource mobilization, the LRA will continue to play a central role in supporting the government’s fiscal stability and broader economic reforms.” He noted.
CG Jallah added that ongoing reforms within the tax authority, including modernization initiatives and improved data systems, are designed to strengthen revenue administration and ensure more reliable reporting outcomes.
The engagement comes at a time when Liberia continues to prioritize domestic resource mobilization as a key pillar of its development strategy, recognizing that efficient revenue collection and transparent reporting are vital for funding public services, infrastructure, and national development programs.
The IMF/AFW2 visit further highlights the longstanding partnership between Liberia and the IMF/AFW2 in advancing sound fiscal governance and promoting sustainable economic management, aimed at strengthening the country’s public financial systems.