The International Growth Centre, the Government of Liberia, and the International Monetary Fund have planned a seminar on "Managing Natural Resource Revenue in Liberia: Challenges To Macroeconomic and Revenue Management" in Monrovia next month.

The conference comes when reports abound that Liberia is resource-rich, but paradoxically poor, prompting the need to elaborate on issues that ensure means for citizens to benefit from the natural resources.

According to the website of the International Monetary Fund (IMF), the seminar provides an opportunity to exchange views with government policy makers, international experts in the field of natural resource management, civil society and development partners, on the key challenges that need to be considered when designing policies to manage natural resources in Liberia, drawing on lessons from international best practices and cross-country experiences.

This seminar will help to move forward some key elements of the government's agenda, by better understanding the macroeconomic risks and challenges from large and rapid increases in natural resource revenues as well as the pros and cons from the different frameworks to manage natural resources.