MONROVIA – The World Bank Country Manager for Liberia, Dr. Kwhima Nthara has hailed the Liberian Government for making tough choices that have resulted in a boost to the economy. Dr. Nthara made the commendation following the launch of the Second Edition of the annual Liberia Economic Update, “Finding Fiscal Space”. According to the report, economic growth is expected to recover to 3.6 percent in 2021, before rising gradually to an average of 5.2 percent over 2022–2025. In addition, Liberia needs to invest in its people and institutions, and create an educated, skilled, and healthy labor force, in both the public or private sectors, and protect its economy and vulnerable population against repeated exogenous shocks, the Liberia Economic Update emphasized. This means that the external resources mobilized in the period financed a significant part of the government’s operating expenditure instead of financing public investment in infrastructure.
