§ John Barrett
To ask the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement on the status of Liberia's membership of the International Monetary Fund. 514W
§ Mr. Mullin
Liberia is a member of the International Monetary Fund (IMF). But on 5 March 2003 the IMF suspended Liberia's voting rights. Liberia was not sufficiently servicing its significant arrears and failed to address key concerns adequately, including improving transparency and management of revenue and government expenditure, addressing human rights violations and regional interference.
Now Liberia is under new leadership we are working with key partners, including the IMF and World Bank, to help redevelop Liberia and restore its relations with the international donor community. We understand that the IMF will visit Liberia for discussions with the National Transitional Government.