Let's delve deeper into the economic challenges Liberia is facing: Exchange Rate Volatility The Liberian dollar has been experiencing significant depreciation against the US dollar. This volatility is driven by high demand for foreign exchange ...
Comparative Budget Review: How the FY2025 Budget Outshines FY2024 with Strategic Investments and Optimistic Projections
By Joshua P. Weahgar Budgetary Analysis: FY2025 vs. FY2024 FY2024 Budget Overview Total Budget: Initially submitted at USD 625.57 million, later revised to USD 738.9 million. Revenue Sources: Predominantly domestic revenue (99.6%), wit ...
FY2025 Budget: Paving the Path to Prosperity with Increased Investment and Economic Growth
by Joshua P. Weahgar Budget Overview: The total revenue for the FY2025 budget is projected at US$851.8 million, with a significant portion coming from domestic revenue. Economic Growth: The Liberian economy is projected to grow by 5.8% in 202 ...
Performance Highlight on the Ministry of Agriculture
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South Sudan Delegation Visits Liberia to Study Financial Management Reforms
A delegation from the Republic of South Sudan is currently on a week-long study tour in Liberia to examine the country's Public Financial Management (PFM) and Human Resource (HR) systems. The visit is aimed at learning from Liberia's experiences and ...
CBL Terminates Contracts Amidst Currency Reform Completion
The Central Bank of Liberia (CBL) has announced the termination of contracts for 209 contractors and consultants following the successful completion of its currency reform project. The decision, announced in an August 27 press release, aligns with t ...
IMF Approves US$209 Million Loan to Support Liberia’s Reform Agenda
The International Monetary Fund (IMF) has approved a US$209 million loan to Liberia under the Extended Credit Facility (ECF) program. This financial assistance aims to support the Boakai administration's policy reform agenda. Mr. Daehaeng Kim, the I ...
ArcelorMittal Liberia Pleads for Protection of Assets Amidst repeated vandalism
Marcus Wleh, Head of Sustainability and External Relations at ArcelorMittal Liberia (AML), has appealed for an end to the repeated vandalism of the company's assets by individuals with grievances. During a recent event in Buchanan City, Wleh emphasi ...
Central Bank of Liberia Denies Claims of Insolvent Banks
Today, the CBL released a statement condemning the article titled “Broke Banks?” as not only…
Liberia Faces Kimberley Certification Crisis Amidst Growing Illicit Diamond Trade
Conducted by the rights-based non-profit organization, the assessment covered nine…