The national budgets in Liberia have consistently failed to benefit the people, instead primarily benefiting a small group of political elites. For example, both former Presidents Sirleaf (Unity Party) and Weah (Coalition for Democratic Change) touted their budgets as significant achievements for the nation, highlighting initiatives like the Poverty Reduction Strategy and the Pro-Poor agendas.
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By: Wonderr K. Freeman, CFCS The current Liberian government is on the move – seeking investors. So far, the President, Mr. Joseph Boakai, has been to the USA, Guinea Bissau, and South Korea. First off was the US-Africa Business Summit held in Dallas-Fort Worth, Texas, from May 6-9, 2024. I heard Mr. President tagged along a very high-powered delegation to the conference and gave a very
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Author: Wonderr K. Freeman Like many countries, Liberians love rice. They can have it all day, several days, without complaints. But lately, the price and supply of rice have been shaky. The local price for rice has been stable for the past several years at $17 per 25kg sac. Lately, however, with 75% of the rice supply in Liberia coming from abroad, it’s like Liberia will
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By: Atty Wonderr K. Freeman, Originally Published in November 2013 The Central Bank of Liberia (CBL, herein after) and its Governor, Dr. Mills Jones, have been under pressure lately. Its microfinance and SME policy has come under heavy suspicion by the Liberia Senate and other Liberian technocrats. It’s not farfetched to say that most of the senators don’t quite understand that boring subject called economics –
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By Atty. Wonderr Koryenen FREEMAN Originally Published in February 2015 On February 23rd at the Monrovia City Hall, some of Liberia’s most well-known political and economic elites got together to talk about a perennial economic problem – Liberia’s dual currency policy. It was a “high-level” roundtable, so I wasn’t invited. I make no fuss about that! Like G. Henry Andrews, I am only too content with
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By: Wonderr K Freeman, Attorney, Monrovia. Liberia Originally Published in July 2017 Liberians have generally accepted an [LRD/USD] exchange rate in the 50s-60s, and have tolerated an exchange rate in the 70s-80s. They have murmured and grumbled as the rate approached 90s-100s. But an exchange rate above LRD100:USD1, and in fact approaching LRD120:USD1, is a whole new ballgame. At this stage, prices are running through the
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