President George Weah addressed the nation in a much-anticipated speech on the state of the economy. Below is a transcript of his speech.
President Weah to Address Nation on State of the Economy
Amid an increasing exchange rate and a resulting high inflation, President George Weah will deliver a major address to the nation on Monday on measures his government plans to take to address the state of the economy.
Inspector General Says Counterfeit Bank Notes Creating Inflation
Inspector General Patrick Sudue of the Liberia National Police says counterfeiting is contributing to the increasing inflation rate in the country.
Rep. Koung Suggests Printing New Banknotes to Solve Economic Woes
As Liberia strives for solutions to tackle the current economic crisis within the country, Rep. Jeremiah Koung of Nimba’s first district is suggesting that the country print new banknotes.
Marketers Say Accelerating Exchange Rate Increasing Economic Hardship
Residents of Grand Bassa are appealing to the government to swiftly intervene as the accelerating depreciation of the Liberian dollar against the U.S. dollar is increasing economic hardships for rural dwellers, who mostly deal in the local currency.
CBL Governor Weeks Resigns From Gov’t
Milton A. Weeks has resigned as executive governor of the Central Bank of Liberia.
Eton Road Financing Loan Agreement Approved as Senate Concurs with Representatives
The Senate has concurred with the lower house to ratify the US$536 million road financing loan agreement to fund its coastal road project to connect southeastern counties.
Central Bank to Pursue Those Refusing to Pay Microfinance Loans
The Central Bank of Liberia has warned individuals and institutions refusing to pay back money loaned to them through the 2012 Loan Extension Assistance Facility program that the bank would start pursuing them.