The Liberia Maritime Authority (LiMA) yesterday, February 5, 2025, held discussions with the International Monetary Fund (IMF) to explore collaboration initiatives geared toward impacting the maritime sector.
The courtesy meeting, held at LiMA’s headquarters in Monrovia, was aimed at fostering acquaintance and deepening cooperation between the two entities.
Leading the IMF delegation was Joel Chiedu Okwuokei, the IMF Resident Representative in Liberia, accompanied by Seydou Coulibaly, an IMF economist, and Michael Keen, a consultant.
The delegation was warmly received by LiMA’s Commissioner/CEO Cllr. Neto Zarzar Lighe, who expressed the Authority’s openness to collaboration with the IMF in areas of mutual interest.
During the meeting, LiMA’s Deputy Chief Financial Officer, Desiré Satia, provided a historical overview of Liberia’s maritime program, tracing its origins back to 1948 and highlighting its evolution into one of the world’s leading ship registries.
He underscored the critical role the maritime sector plays in Liberia’s economy and its potential for greater synergy with international financial institutions.
The discussions centered on how IMF policies and interventions in Liberia’s economic framework could influence the maritime industry, particularly in regulatory reforms, financial management, and global competitiveness.
Both parties agreed on the necessity of maintaining open communication and exploring future opportunities for cooperation to enhance Liberia’s economic and maritime interests.
The meeting underscores Liberia’s ongoing efforts to strengthen its maritime capabilities through strategic international partnerships, with the maritime sector being a key contributor to national revenue.
Further dialogue is expected to follow as LiMA and the IMF seek to align strategies for sustainable maritime and economic growth.