IS LIBERIA LOSING INVESTMENT OPPORTUNITIES TO GUINEA? CORRUPTION, POLITICAL INTERFERENCE AND WEAK GOVERNANCE RAISE QUESTIONS
MONROVIA — Liberia’s ambition to attract major international investors and transform its natural resources into economic opportunities for its people is facing a serious challenge: the country’s investment climate is being undermined by corruption, political interference, weak regulatory institutions and questions surrounding the transparency of concession agreements. As neighbouring Guinea advances major mining projects worth billions of dollars, Liberia must confront an uncomfortable economic question: Is the country losing investment opportunities because of weaknesses in the way it conducts business with foreign investors? The concern is particularly significant given the findings of the United States Department of State’s 2024 Investment Climate Statement on Liberia, which identified…
