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"Liberia Is Not Doomed" - MoF Debunks Newspaper Report

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).

Latest Press Release

28 August 2019
Press Release
Monrovia, Liberia - Liberia’s Finance and Development Planning Minister, Hon. Samuel D. Tweah Jr., says the Public Financial Management program of the country is on the right path. Minister Tweah made the disclosure at the signing of the Financing Ag...
27 August 2019
Press Release
Monrovia, Liberia - The Government of Liberia through the Ministry of Finance and Development Planning, and the World Food Programme, Tuesday August 27, 2019 signed the World Food Programme’s Country Strategic Plan (CSP) for the period 2019 to 2023...

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