World Bank: Liberia Can Unlock 5.3% of GDP in Fiscal Space by 2030

Monrovia, Sept. 8 -- Liberia could unlock additional annual fiscal space equivalent to between 3.9% and 5.3% of GDP by 2030 if it implements reforms aimed at increasing domestic revenue, improving natural resource management and making public spending more efficient, the World Bank says.

By Gerald C. Koinyeneh, [e-mail]

The assessment was contained in the World Bank's "Liberia Public Finance Review 2026: From Stabilization to Fiscal Transformation," launched Monday in Monrovia.

Speaking at the launch, Georgia Wallen, World Bank Group Country Manager for Liberia, said the country's public finances have reached a critical turning point following improvements in economic and fiscal management.

"Economic ...