Liberia Sitting On 5.3 Percent of GDP in Lost Revenue, World Bank Warns

Liberia Sitting On 5.3 Percent of GDP in Lost Revenue, World Bank Warns

Monrovia -- Liberia is leaving the equivalent of 5.3 percent of GDP on the table every year through weak tax compliance, inefficient spending and poor management of its mineral wealth, the World Bank warned Monday at the launch of the Liberia Public Finance Review 2026.

WORLD BANK PUTS LIBERIA’S FISCAL FAILURE UNDER THE MICROSCOPE

Liberia could create additional fiscal space equivalent to between 3.9 percent and 5.3 percent of gross domestic product by 2030, but the World Bank’s latest assessment makes clear that the country’s biggest financial problem may not simply be a shortage of money. It is the failure to fully collect the revenue available to the state, […]

World Bank Sees Up to 5.3% GDP Fiscal Gains for Liberia

Liberia could create additional fiscal space equivalent to between 3.9 percent and 5.3 percent of Gross Domestic Product (GDP) annually by 2030 if it implements reforms to boost domestic revenue, improve public spending and manage fiscal risks, the World Bank…