As staff at Tubman University have expressed their displeasure with the government’s salary harmonization policy, the university’s president, Elliot Wreh-Wilson, says the move is beyond the government’s control.
As the George Weah administration continues to face challenges in stabilizing the economy, the International Monetary Fund has concluded its consultation with the government and provided suggestions on a way forward.
President George Weah is expected to announce a new Board of Governors for the Central Bank of Liberia next week, amid several reports noting that the bank lacks proper systems and controls.
The International Monetary Fund through a team of experts has completed its Article IV Mission to Liberia, citing that high inflation threatens the success of the government’s pro-poor agenda.
The Liberian government says it has submitted a request to the United Nations, the African Union, and ECOWAS for expert assistance in the ongoing investigation involving the Central Bank of Liberia.
Over the last few weeks, President George Weah announced the decision to borrow funds through two loans to finance major infrastructure projects. With an already high debt portfolio, it doesn’t make economic sense to be borrowing such an amount now, especially so when the outlook of the economy is not positive.
The Head of Delegation of the International Monetary Fund to Liberia, Mika Saito, has predicted that Liberia’s economy is poised for recovery following a difficult period.
Lester Z. Tenny, an adjunct professor of economics at the University of Liberia’s graduate school, says the country needs the international community to help it address current economic woes.