Category: Business & Finance

Business & Finance, Politics & Society

CBL Economic Gospel versus the Reality of a Perpetually Sinking Liberian Dollar                   

by Wonderr K. Freeman           Originally Published in February 2012 Couple of days ago, I was combing through my stack of local dailies, and noticed a recurring theme: streams of good news of the great work the Central Bank of Liberia (CBL) is doing. I came across headlines such as “CBL accounting policies sound”, “banking sector experiences growth, says CBL”,” Liberia foreign reserves swells” etc.. It seems,

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Business & Finance, Political Economy, Regional & Global, ,

The IMF is just about to learn a new economic theory from Liberia: the theory of the leaking bucket

Originally Published under a pseudonym -in July 2019 President George Weah and his merry band of hustlers currently running the show in Liberia are a band in a hurry: hurry to bring overnight development to Liberia; at least that’s the official line.  They’ve been crisscrossing the globe, from Brussels to Beirut, from Singapore to Beijing, in search of easy and fast cash. Liberians already know a

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Business & Finance, Political Economy, , ,

The Plain Truth About the Liberian Economy – An Outsider Perspective

Originally Published in January 2017 By Wonderr Koryenen Freeman, Attorney-at-Law, Monrovia, Liberia As the Liberian dollar (LRD) exchange rate inches to 90:1 against the US Dollar, and prices quoted in Liberian dollars continue to rise, tempers are flaring as to what is wrong and who is not doing his job. Unfortunately however, as the leaders and the public seek answers on the state of the economy,

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Business & Finance, Political Economy,

Sorry PATEL, fixing the Liberian economy still has to be done the old fashion way!

Originally Published in April 2018 By: Wonderr K. Freeman, Attorney-at-Law, Monrovia, Liberia Members of a hitherto unknown group, the Patriotic Entrepreneurs of Liberia (PATEL), in February of 2017 made quite a name for themselves when they shut Monrovia down over three days. Overnight, the group became important enough to hold talks with the Government of Liberia (GOL). Holding talks is a political issue, and it can

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Business & Finance, Political Economy

Retrospecting on the many missed opportunities of the Private Sector Development Initiative (PSDI)

Unfortunately however, such was not the case with the PSDI. The PSDI loan initiative was implemented the “Liberian way”. James Kollie and friends, shared the information by word of mouth, became designers, players and referees all at the same time. Instead of promoting genuine SMEs, we saw loads of fly-by-night “holding companies” selling “mineral water”.

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Business & Finance, Political Economy, ,

The Almighty [US] Dollar and the Dual Currency Policy, Liberia’s Porcupine’s Gut

By: Wonderr K. Freeman Originally Published in February 2012 Liberians, they say, love their America.  And most of all they love their US Visa and the US dollar. Truth be told, it is now more easy for a “camel to pass through the eye of a needle” than for the average Liberian to land a US Visa, so Liberians have realistically settle for pursuit of the

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