In the wake of the failed mop-up exercise, the World Bank is cautioning the Government of Liberia to take pragmatic measures to address the increasing inflation rate. According to World Bank Liberia Country’s Economist, Daniel Boakye, the main drivers of inflation in Liberia are fiscal pressures caused by the continuous revenue deficits in its third year running. Said Boakye: “Government is having fiscal pressures and fiscal deficits in part because revenues have been falling below targets since 2017. So, addressing fiscal pressures could be in two ways: find out how best government could mobilize domestic revenue to close the gap. This is a game-changer for Africa,” said Albert Zeufack, World Bank Chief Economist for Africa.

Source: Front Page Africa April 08, 2019 23:37 UTC