Tuesday, April 17, 2007

IMF sees Liberia growth surge, urges debt relief

(Reuters) - Liberia's economic growth, already motoring at nearly 8 percent thanks to reconstruction after a civil war, will surge above 11 percent on average in the coming five years, the International Monetary Fund said.

In a statement released late on Monday, an IMF team which visited earlier this month said however the West African country could not sustain its huge foreign debt, which totals nearly $4 billion, and needed comprehensive debt relief.


Read more at Reuters Africa

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