31 May 2014

Liberia: Finance Ministry Dismisses Newspaper Story

Photo: Liberia Government
Minister Konneh receiving the Finance Minister of the Year Award from a London-based magazine's Senior Editor Brian Caplen (file photo)

The Ministry of Finance is gravely concerned and disappointed with the New Republic Newspaper's Tuesday, May 27, 2014 publication captioned: "Liberia's is doomed", in which the paper attributed its story to Finance Minister Amara Konneh, suggesting that the Liberian economy was doomed.

The Ministry wants to state emphatically that at no time did Finance Minister Amara Konneh make such statement to the effect that the country was doomed due to the absence of new economic policy that will rescue the perishing and vulnerable economy in the country.

The Minister of Finance is on record for always maintaining that the fundamental of the Liberian economy was sound and on the right trajectory, despite challenging economic conditions at the global, regional and sub-regional levels.

The Ministry's pro-growth stance is buttressed by recent IMF declaration that the Liberian economy is among the world fastest growing economies, registering 8.7 percent growth in GDP in 2013.

The Ministry of Finance says such unsubstantiated reports have the tendency to undermine the growth of the country's emerging economy and could adversely affect investors' confidence.

Meanwhile, Minister Konneh assures the public that the Ministry of Finance is working tirelessly to address the structural conditions and other issues affecting economic growth, jobs creation and poverty reduction consistent with the government's medium term development roadmap, the Agenda for Transformation (AfT).

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