Deputy Finance Minister for Economic Management , Augustus Flomo

MONROVIA, LIBERIA-Deputy Finance Minister for Economic Management says despite the challenge, the Liberian Economy has grown in the medium term from 4.1 to 4.9 percent for 2012 to 2023 Fiscal Year.

Mr. Augustus Flomo said:” Fluctuation in the Gross Domestic Product (GDP) has been marred by unforeseen circumstances, ranging from the Coronavirus outbreak that has affected Government’s stand to receiving funds from other partners.”

Mr. Flomo, however, said the influx of foreign exchange from international partners could ease some of the challenges the economy is faced, saying that there is an ongoing dialogue on the de-dollarization exercise.

The Deputy Finance Minister attributed some of the causes in the declined in the Liberian economy to the Ebola outbreak in 2014 and the withdrawal of UNMIL in 2016.

Minister Flomo spoke Monday, October 26, at the Ministerial Complex in Congo Town, at the launch of the Budget Transition Policy.


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