IMF reports growing but challenged Liberian economy

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The IMF has reported that Liberia’s economy began to grow in 2004, after over 14 years of civil war were ended in 2003. Rubber production, domestic manufacturing, and post-war reconstruction were indicated as key factors in Liberia’s recovering economy.However, the International Monetary Fund has warned that coming political change from the transistional national government to nationally elected representatives offers continued challenges.The IMF has also complained of lack of transparency and accounting irregularities in the existing government operations, with iron ore stockpiles and import/export permits allegedly disapearing without proper record.The IMF also pinned the economic interests of the country will depend signiicantly on the strength of the Central Bank of Libera, which still requires strengthening. Effective control of the country’s large national debt and sound economic conditions for tackling it were also noted.