Liberia (Vol 15, 2018)
in Africa Yearbook OnlineSearch for other papers by Franzisca Zanker in
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(4,192 words)
The inauguration of newly elected president George Weah in January was a historic event, marking the first peaceful transfer of power for decades. Weah vowed to help the poor and fight corruption. Nevertheless, his first year in power was marked by one of the biggest corruption scandals in Liberia, when L$ 15.5 bn cash (around $ 104 m) went missing from the Central Bank of Liberia (cbl) in September. Though it was later claimed to have been found, the matter had not been cleared up by year’s end. The unmil peacebuilding mission left the country, transitioning to a un country office. The new government was unable to engage as well with international donors as under the leadership of Ellen Johnson-Sirleaf. Inflation increased dramatically, reaching an all-time high of 26.6% in October, and averaged at 21.3%. The budget for the financial year 2018/19 was slightly higher than the previous one, at $ 570.1 m. Economic growth was the same as in 2017, at 2.5% of gdp, slightly below predictions.
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Liberia (Vol 15, 2018)
in Africa Yearbook OnlineSearch for other papers by Franzisca Zanker in
Current site
Google Scholar
(4,192 words)