The visiting Africa Department Director of the International Monetary Fund (IMF), Dr. Antoinette Sayeh, has predicted a total debt relief for Liberia in 2010, if the post-war country’s economy continues its strong performance, and following progress in implementing the new Public Financial Management Act and other actions.
Madam Sayeh, the first Finance minister in the Ellen Johnson Sirleaf led government, told a news conference Wednesday in Monrovia that the IMF was optimistic that economic growth would accelerate next year in Liberia, as the world economy recovers.
Growth will result in job creation and over time stronger revenues to deliver government services, she said.
Dr. Sayeh said it is evident that the global economic downturn did not spare Liberia, resulting in loss of jobs, delay or deferment of investment, while budgetary revenues are under some pressure.
She observed that more constraints are still present, as government does not have enough skilled manpower to achieve its goals.
Source African Press Agency
