Expat Impressions of Life and Rebuilding after Civil Conflict
They're predicting 11% growth, and calling for debt relief:
The rising gross domestic product (GDP) growth rates expected by the IMF puts Liberia in the same fold as other post-conflict success stories like Mozambique, which became a darling of donors with sustained growth rates approaching 10 percent in the 1990s after the end of its own civil war. "Liberia's economic recovery continues to strengthen, and medium term prospects have improved. In 2006, real GDP growth is estimated to have increased by 7.8 percent, driven mainly by construction, the recovery in the agricultural sector, and the donor-funded expenditures in the country," the IMF team said.
The rising gross domestic product (GDP) growth rates expected by the IMF puts Liberia in the same fold as other post-conflict success stories like Mozambique, which became a darling of donors with sustained growth rates approaching 10 percent in the 1990s after the end of its own civil war.
"Liberia's economic recovery continues to strengthen, and medium term prospects have improved. In 2006, real GDP growth is estimated to have increased by 7.8 percent, driven mainly by construction, the recovery in the agricultural sector, and the donor-funded expenditures in the country," the IMF team said.
posted by Josh Nice at Tuesday, April 17, 2007
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Former politics reporter from USA, now working on Development projects.
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