Liberia: Upward Mobility Gains Momentum

Once upon a time Liberia was, variously, regarded internationally as "Taylor Incorporated" or "pariah state", effectively relegating it to a rogue state status fit only for UN trustee custody. Then, the nation  was stooping under an external debt load of US $3.7 billion, to say nothing about its internal debt estimated by some sources at L$600 billion. War was raging and the economic was anything but functional. Then the world came in to help revive national life; but first, the postwar government must perform certain austere economic rituals as it fights poverty! Well, it is now confirmed that the government has come out of the "zoe bush" with promising slate, hopefully, making it an honored partner of the International Monetary Fund (IMF) and the World Bank (WB). The Analyst, reports.

The Board of Directors of the International Monetary Fund (IMF) has endorsed Liberia's completion of the Heavily Indebted Poor Countries Initiative (HIPC), an IMF-affirmed Finance Ministry statement released, Wednesday this week, has revealed.

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