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IMF Team predicts flourishing economy for Liberia if…

Jos Garneo Cephas/Jarp David
The Ministry of Finance and the IMF Team
The Ministry of Finance and the IMF Team

MONROVIA, LIBERIA-A team of the International Monetary Fund (IMF) says Liberian has a flourishing economy insight, if good policies measures were implemented to achieve a medium term goal.

The IMF Article Four, Mission to Liberia, team head Mika Siato, said: “Now that the economic shocks and that of Ebola is now in the past, but the implementation of good policies measures to improve the business climate and support for private sector development will favor Liberia’s medium term outlook”.

The team leader, Siato, stressed the peaceful political transition should offer support to the recovery of the domestic economy through improved consumer and investor confidence.

According Siato; “The key commodity sectors out be active as global commodity price recovery remains a concern, better electricity supply is another positive development for both existing and new businesses”. 

The IMF team, made the prediction from a two-week assignment observations on Tuesday, March20, 2018 at the Ministry of Finance and Development Planning, in Monrovia.

The Minister for Finance and Development Planning, Samuel Tweah in his response to the team’s observations has ensured and promised that: ”The government’s public financial management approach will  now take a different trend under President Goerge Weah’s Administration.” 

Minister Tweah further expressed optimism of the private sector playing key role in the country’s economic recovery drive.   

 


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