In the Red

This week President President Ellen Johnson Sirleaf says significant progress has been made to reduce Liberia’s external debts of $3.7 Billion USD.
The President told a cross section of Lofa citizens during a meeting to discuss the government’s Poverty Reduction Strategy(PRS), that the debts were accumulated dating as far back to the 1980s but her government is making tremendous effort to have the debts waived.
African Debt cancellation may be out of the International headlines at the moment, but in a country as poor and badly damaged as Liberia it is hard to see how it can ever get fully back on its feet with a debt like that around its neck.