Center for Global Development senior fellow Steve Radelet, who serves as an advisor to the president of Liberia, Ellen Johnson Sirleaf, writes movingly about progress and problems as the country strives to recover from a 14-year civil war in which one out of every 12 Liberians was killed. Liberia also faces a $4.5 billion foreign debt, mostly interest and penalties from loans extended in the 1980s, before the war began.
The IMF board has been debating for a year what to do about it. Although a
solution seems to be at hand, it isn't done yet. We will be watching closely for an announcement about much needed and
long-delayed cancellation of Liberia's odious and unjust debt. In the meantime,
if you'd like, please do join in Radelet's call to write to the IMF to urge
prompt action. The time for delay is over.
Act Now: Click Here to Write to the Managing Director of the IMF
Ask for fast action to Liberia’s debt crisis
The whole story was first published on Nicholas Kristof's New York Times blog, where Radelet, a CGD senior fellow, is one of several guest bloggers. Radelet lived for many years in Africa and Asia, taught at Harvard, and worked at the U.S. Treasury. You can also find it at the CGD's blog.