The Weah Administration is continuing its loosened fiscal stance by spending more money than revenues collected. Funds from development partners including the World Bank and the Norwegian government were reportedly used to pay some government’s recurrent expenditure. Liberia lost ranking in the 2019 World Bank Doing Business Survey, with the country now 174 out of 190 countries. Foreign reserves include foreign currency assets, Special Drawing Rights and other assets of governments. With all these advantages, it is clear that Liberia needs to adopt strong mechanisms ensuring that our reserve position is strong.

Source: Front Page Africa April 15, 2019 01:18 UTC