Author: Gerald C Koinyeneh

Monrovia – The International Monetary Fund (IMF) and the Liberian authorities have reached a staff-level agreement on a comprehensive set of policies to support a 40-month Extended Credit Facility (ECF) arrangement, amounting to SDR 155 million (approximately US$209 million or 60 percent of Liberia’s quota). This agreement, pending approval by the IMF’s Management and Executive Board, is intended to back the new administration’s ambitious reform agenda. The Board is scheduled to discuss Liberia’s ECF arrangement on September 25.

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Monrovia – Former President George Manneh Weah has formally reported the Boakai-Koung administration’s “unprovoked attack” on the headquarters of his political party, the Coalition for Democratic Change (CDC), to the Economic Community of West African States (ECOWAS). On Thursday, August 22, a drug raid conducted by joint security forces near the CDC’s national headquarters in Monrovia escalated into violence when police clashed with CDC partisans.

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Monrovia – In April of this year, President Joseph Boakai suspended the Board of Commissioners of the Liberia Telecommunications Authority (LTA) due to allegations of questionable financial transactions and other malpractices at the Authority. This decision came just one day after the Supreme Court ruled in favor of the commissioners—Chairperson Madam Edwina C. Zackpah and Commissioners Israel Akinsanya, Zotawon D. Titus, James Gbarwea, and Osborne K. Diggs.

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