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BORROWING FOR DEVELOPMENT IN LIBERIA
BORROWING FOR DEVELOPMENT IN LIBERIA
September 6, 2018
This policy paper explores the aspects of different financing mechanisms including commercial and non-concessional loans, and other grants.
Highlights
- The basic story of current undisclosed loan terms and conditions starts when the Liberia government pursues a commercial loan.
- Liberia’s debt-carrying capacity has deteriorated. Its domestic and external public debt remains relatively low compared with regional average and other low income countries.
- The issue of non-concessional lending attracts attention not only from the fact that the money is expensive, but also in term of uses of the borrowed resources.