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 Liberiaâ€™s economy is poised for recovery following a difficult period.
Lester Z. Tenny, an adjunct professor of economics at the University of Liberiaâ€™s graduate school, says the country needs the international community to help it address current economic woes.
The Young Women Christian Association of Liberia has received a US$7,500 donation from the International Monetary Fund.