Liberia: Global Witness welcomes decision on Liberian debt relief, but warns that better financial controls are needed to prevent corruption

press release

The decision yesterday by the World Bank to grant debt relief to Liberia under the Heavily Indebted Poor Countries Initiative (HIPC) is welcome but more needs to be done to prevent corruption in the post-conflict country, said campaign group Global Witness today.  Global Witness is calling upon the Government of Liberia to promote better financial governance by implementing the recommendations of audits carried out as part of the HIPC process.

Five key ministries were audited by the Liberian Government's General Auditing Commission as a requirement under HIPC, including the Ministry of Lands, Mines and Energy.  Reforms in the latter are particularly important to ensure accountability and transparency in the mining sector.

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