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State of the Liberian Economy
State of the Liberian Economy
February 26, 2018
This paper seeks to inform the transition planning process by distilling a number of issues, exploring attempts that have been made to address them, and examining policy options to tackle them.
Highlights
- The Liberian economy is also affected by domestic factors such as electricity constraints, a need for skills, high import dependency, and an enclave growth sector.
- Despite progress made, poverty, inequality and exclusion still permeate Liberian society. Pro-poor governance initiatives must be pursued to reduce poverty and ensure that no one is left behind.
- Domesticating the Sustainable Development Goals (SDGs) requires tremendous efforts in identifying how the SDG goals, targets and indicators align with the budget. Given Liberia's capacity constraints that task should be tackled slowly.
- The government should consider improving macroeconomic governance as a priority, so that macroeconomic stability is the fundamental foundation upon which inclusive growth is promoted and SDG acceleration is achieved.
