$ 25 million injected into the economy to contain inflation in Liberia

For his first address to Liberia's Nation on the State of the Economy, President George Weah tackled the problem of runaway inflation and the depreciation of the Liberian dollar exchange rate. against the dollar, a depreciation which increases the price of local products and compromises the program vis-à-vis the poor of the government.

Thus, will be injected immediately by the Central Bank $ 25 million into the economy so to absorb the excess liquidity of Liberian dollars. In addition, the powers of the Central Bank will be strengthened to allow more efficient supervision of bureaux de change and better control of banks.

The development strategy, called Pro-Poor's Agenda for Prosperity and Development, in completion course, will be presented to various stakeholders shortly, the President announced.

Stressing the lack of transformation of Liberian exports, such as iron ore, rubber or coffee, and lack of price control, George Weah asserted that " The key to success in this endeavor is that Liberians produce more goods and services locally, in order to reduce our imports of goods and services from abroad, while increasing our exports and by increasing the value of the raw materials we ship to the world ".