Fight Corruption- US Shows Weah How to Rescue Falling Economy

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    United States Ambassador to Liberia, Christine Elder, has used her country’s 242nd independence anniversary to advise the Liberian government that the fight against corruption is key to reviving the nation’s economy.

    The current state of the economy, the American said is the main challenge facing the Weah administration and addressing the socio-economic problems is the sustainable way to lift Liberians from poverty.

    To resolve the unfolding problems facing Liberia, Weah must take measures that will stem corruption and boost public confidence, she recommended.

    “Broad reforms and bold steps to inhibit corruption are needed to transform the business climate to attract domestic, regional and foreign investment, to grow the economy and to seek further fiscal and monetary stability,” Ambassador Elder said.

    Successful economies in Africa, she said, have mastered a balancing act that creates a combination of laws and incentives that deepen the relationship with companies that are cornerstones of their economies and attract new business while providing governments much needed revenues and creating domestic jobs, especially for youth.

    According to the American diplomat, “Liberia will attract investment and jobs by opening its economy and not by narrowing it.”

    After his December 2017 electoral victory, President George Weah declared that Liberia was open for business and promised to end official corruption. But after more than 150 days in office his administration has yet to take a single case against individuals with documented economic and financial related crimes committed during the Sirleaf administration that was rocked with series of scandals.

    – Festus Poquie