The War of Words on the Declining Liberian Economy between the present Liberian Finance Minister and his predecessor(s) is not benefiting the country and provides no solutions to addressing the sufferings of the poor Liberia people that need food, work, housing, hospitals, good roads, schools, etc., a Liberian scientist, Dr. Dougbeh Chris Nyan has said.
Mr. Nyan said “Their accusations against each other of “poor” economy performance depicting CDC vs UP is further deepening what seems to be a mutual antagonism between the two, instead of providing solutions to the economic problems of the country.”
In a social media post, the Liberian Scientist hopes and humbly proposes that the two – the past and present ministers of Finance and Development Planning avoid the ongoing internet battle; get together professionally with other learned economists and conduct an analysis/evaluation of the economic periods 2016-2020; and map out practical and realistic measures towards reviving our dying economy;
“Patriotism, humility, and modesty are required here. Both men should be humble enough to relate to each other. Our people accrue no benefits from a CDC-CPP thug-of-war that trades accusations about poor economic performance, he said.
The US based scientist therefore added, “…we kindly encourage solution-based discussions for a good/better national economic performance that will uplift the people from poverty and despair that is if the economic gains are properly utilized for the benefit of all.”
In a Facebook posts, a man writing under the name Pascal Paul wrote who is said to be from the office of the Minister of Finance and Development Planning said, “Under CPP/UP, after Ebola, there was no sign of economic recovery in sight. In fact, 2015, a year later, our economy contracted 0.0%.”
Pascal Paul averred that this isn’t the case under CDC. Instead, he said during the COVID Pandemic, people were sitting home and receiving salaries. The tough reforms and fiscal discipline are yielding massive result. There are already positive projections by the IMF. A 3.3% growth is expected 2021.”
“The breaking news isn’t just the approval of 48.86milliom by IMF. The real news is the progress being made through the thick and thins. Inflation has drastically reduced from 30% to 14%. Growth is projected at 3.2 in 2021. An average of 4.5 in the medium term,” Pascal Paul indicated, saying, “The government displayed an extraordinary attitude of fiscal discipline – no money was borrowed from CBL regardless of the toughest moments that came along.”
According to him, “There was significant progress made on the civil servants payroll reform. This government met 69k people on the payroll. 2018 with a wage bill of 289 – excluding the 2K health workers being paid by the GHP funds.”
But Amara Konneh, the former Minister of Finance & development Planning reacted. He said,” Priscal Paul, the 3.2% growth in 2021 is a dream.”
Konneh indicated further, “You are at -3.0% in 2021. Now for you to be at 3.2% in 2021 economy will need to grow 6.2%.” adding “Last time we had more than 5% was in 2013 when I was FM. We did 8.8%! Stop talking & Seek help from the professionals at MFDP.”
But the Liberian scientist apparently is not comfortable with the exchanges, saying he hopes and humbly proposes that the two – the past and present ministers of Finance and Development Planning avoid the ongoing internet battle; get together professionally with other learned economists and conduct an analysis/evaluation of the economic periods 2016-2020; and map out practical and realistic measures towards reviving our dying economy.