The Economy

Minister Amara Konneh: “Government aggressively pursuing post-Ebola recovery strategy.”

MFDP Konneh in Town Hall with Liberian Diaspora

Following successful World Bank IMF Spring Meetings in Washington, DC. Finance and Development Planning Minister Amara M. Konneh convened a town hall meeting in Philadelphia, USA on Sunday April 26th to apprise Liberians in the diaspora of happenings in the country.

Held at the Faith-Immanuel Lutheran Church on Penn Blvd under the auspices of the Liberian Association of Pennsylvania (LAP), the meeting focused on Liberia’s battle against Ebola and the Post Ebola socio-economic toll.

President Ellen Johnson-Sirleaf

‘Dr. Kaberuka Will be Missed’

President Ellen Johnson Sirleaf has described the outgoing African Development Bank president, Dr. Donald Kaberuka, as a great asset to the African continent.

He will be missed by Africa for his influential advocacy in advancing the interests and aspirations of the continent, and for his dedication to prioritizing the effective responses facing Africa in a dynamic global environment.

Ministers Konneh, Rokotoarimanana and Assane at a news conference

IMF Survey: Finance Ministers of Sub-Saharan Africa’s 3 Worst Economies Highlight Problems

Finance ministers from three fragile states in sub-Saharan Africa said their economies were struggling to get back on track.

The ministers from Liberia, Central African Republic, and Madagascar told a news conference during the IMF-World Bank Spring meetings in Washington that the slow global economy is making recovery more difficult.

Abdalla Kadre Assane, of the Central African Republic, said after almost three years of massive insecurity, the country lacks the resources required to stabilize its institutions ahead of general elections scheduled for August.

World Bank Group President, Yong Kim

WBG Prez. Urges More Support to Ebola-Affected Nations

The President of the World Bank Group (WBG), Jim Yong Kim, has emphasized the need for more support to help Guinea, Liberia and Sierra Leone get to zero new Ebola cases.

He said reaching zero new Ebola cases will help the three countries jumpstart their economy recovery and build a safer, more prosperous and resilient future for their citizens.

Chief Economist for Africa, Mr. Ferreira

World Bank Projects Drop In Economic Growth Rates in Sub-Saharan Africa

The World Bank on Monday projected a drop in the economic growth rate of Sub-Saharan Africa from 4.5 percent in 2014 to 4.0 percent in 2015 with even slower rates for Liberia with 3.0 and -0.2 for Sierra Leone and Guinea.

The bank’s Chief Economist for Africa, Francisco Ferreira, made the disclosure during a live video conference to inaugurate `Africa Pulse’, a World Bank Group analysis on issues shaping Africa’s economic prospects. The conference was also monitored in Liberia at their World Bank Congo Town office.


Liberian Observer

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