With this new borrowing, Liberia total debt will be at $2 billion. In the 2016-17 fiscal report, Liberia spent $14 million just in interest payment on existing loan. Members are reportedly threatening not to support any budget if they do not get the money to support the road project in the southeast. Quietly, some fear that ditching the IMF, the World Bank and key stakeholders for a US$500 million loan comes with a lot of implications for Liberia. Does the Weah-led administration have accountable systems in place to manage US$500 million is the million dollar question that international partners are pondering.

Source: Front Page Africa March 20, 2018 00:22 UTC