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Liberia: Commentary: Loans and Corruption mix

Liberia: Commentary: Loans and Corruption mix

Rédaction Africa Links 24 with New Dawn
Published on 2024-09-27 00:15:00

  By: Togba-Nah Tipoteh

It should come as no surprise to anyone that loans and corruption do not mix. When there is no program in action, as in Liberia, to end corruption, then any loan to any corrupt entity promotes corruption. More food to the greedy makes the greedy greedier.

Therefore, the news that there are more loans coming to Liberia is not good news. It is bad news because Liberia’s total debt level is already USD2.58 billion (WB and IMF, 2024. This debt level makes Liberia a…

Read the full article on The Newdawn Liberia

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