spot_imgspot_img
Wednesday, December 11, 2024

LIBERATING LIBERIA: A BOLD CALL FOR ECONOMIC INDEPENDENCE – JOHN MORLU

Date:

In the decisive era of 1945 multilateral institutions, today Liberia stands at a pivotal moment, and Joe Boakai faces a crucial decision that could shape the nation’s destiny. Caution is paramount as he contemplates engagement with the familiar international players—the IMF, World Bank, UN, ADB, and the Corporate Council. The concern resonates in the repetitive nature of their playbook, lacking the vital elements of competitiveness and innovation necessary to break free from the chains of poverty.

For many Africans, the pursuit of Washington’s political corridors is deemed a political dividend, regardless of whether such endeavors benefit their people. Sirleaf basked in the adoration of the West and Washington, yet poverty and exposed infrastructure loomed large in Liberia.

While the workings of these institutions may elude most Americans and Western Europeans, Africans, especially Liberians, are acutely aware. Astonishingly, 90% of Americans and Western Europeans remain oblivious to the IMF, UN, or World Bank, in stark contrast to the heightened awareness among Africans. President-Elect Joe Boakai’s involvement in their events is acknowledged, yet skepticism persists over their ability to drive substantial progress in poverty eradication.

Prosperous nations like Kuwait, Saudi Arabia, and the UAE shun assistance from the IMF and World Bank, relying on their abundant resources. This raises a poignant question: Why does Liberia, with its rich endowment, consistently turn to these institutions?

In defiance of prevailing sentiments, Senator-Elect Amara Konneh expresses unabashed enthusiasm about engaging with the IMF and World Bank in Washington—a scenario all too familiar. However, a resolute path is urged for Joe Boakai, one that places paramount emphasis on a Business and Economic Forum designed to attract investments from successful black Americans in manufacturing, agriculture, technology, and Silicon Valley. The focus is clear—foster small-scale businesses and generate employment for all Liberians through free-market enterprise capitalism.

Joe Boakai champions the free market system as Liberia’s key to prosperity, emphasizing private capital and domestic resource mobilization as primary drivers. Multilateral institutions and donor agencies are relegated to supplementary funding sources. The initiative, “Liberians for Prosperity,” shouts commitment to market-driven solutions.

Amidst calls for alternative viewpoints on renewing the upcoming IMF program, the narrative vehemently leans toward rejecting renewal. Advocacy intensifies for a shift towards promoting domestic resource mobilization over dependency. Drawing inspiration from historical figures like George Washington, the call is for an audacious path in constructing a new Liberia. The ongoing battle revolves around influencing Joe Boakai’s choice between the donor-driven model and an unyielding commitment to an anti-corruption, private sector, and domestic resource approach.

Some clamor for another donor conference, but Liberians are exhausted by such events. Since 2004, donor dependency has persisted as the sole policy prescription for Liberia, and it’s time to break free. The emphatic call is to shift focus, urging a laser focus on the private sector.

Despite expected challenges, progress is undeniable. The spotlight sharpens on crucial matters such as auditing the Weah government, anti-corruption endeavors, asset recovery, and business loan repayments. A unanimous stand emerges among Liberians, with 92% acknowledging the urgency of shaping Liberia’s future.

Envisioning Joe Boakai on Wall Street, visiting JP Morgan, and engaging with rating agencies like Moody’s, Standard & Poor’s, Fitch, and Silicon Valley becomes more than a vision—it becomes a demand. These pillars of American enterprise are not merely avenues for exploration but integral to forging strategic partnerships for Liberia’s economic growth.

An unapologetic invitation extends to join the movement advocating for a liberated Liberia, founded on freedom and opportunity, with Joe Boakai as the unyielding catalyst. The message resonates with a personal commitment to justice and fairness, recognizing the relentless battle to shape Liberia’s future.

While acknowledging institutions like the IMF and World Bank, the call is emphatic—Liberia must forge its own path after 176 years, expanding its economy through unwavering anti-corruption measures and vigorous domestic resource mobilization. The only impediment to Liberia’s potential, preventing it from becoming a Kuwait, is corruption.

Join the unyielding free-market movement and passionately share the vision for Liberia’s economic independence.

smartnews
Smart News Liberia is an online news outlet and a product of Smart Media Group Inc. Our website, smartnewsliberia.com, covers a broad spectrum of news content. For inquiries or information, you can reach us at 0777425285 or 0886946925, or email us at smartnewsliberia@gmail.com or info@smartnewsliberia.com.

LATEST DEVELOPMENT

CLASHES AT CAPITOL HILL HIGHLIGHT POWER STRUGGLES AND THREATS TO LIBERIA’S DEMOCRACY

CAPITOL HILL, MONROVIA – Tensions boiled over at the...

‘WHERE IS OUR PRESIDENT?’ SENATOR KONNEH CALLS FOR STRONGER LEADERSHIP FROM BOAKAI

LIBERIA – Gbarpolu County Senator Amara Mohammed Konneh, who...

DR. NYAN ISSUES URGENT HEALTH WARNING AS NPHIL ENHANCES SURVEILLANCE AGAINST VIRAL HEMORRHAGIC FEVER

MONROVIA, LIBERIA – Dr. Dougbeh Chris Nyan, the Director-General...

BOAKAI SIDESTEPS SPEAKER KOFFA: LOGICALITY OR PRECEDENT-SETTING BREACH?

President Joseph Boakai's decision to submit the 2025 draft...

A MILESTONE FOR LIBERIA’S HIGHER EDUCATION, BUT CHALLENGES REMAIN

The launch of Liberia’s first doctoral programs at the...

BOAKAI’S MISPLACED AMBITIONS AS LIBERIA BLEEDS AND THE PRESIDENT COURTS GLOBAL VANITY

Eight months into his presidency, Joseph Boakai’s administration is...

COMMENTARY

THE LASTING LEGACY OF PRINCE JOHNSON’S DEATH AND THE PATH FORWARD FOR LIBERIA

By Lyndon J. Ponnie, Sr. The passing of former Liberian...

PRES. BOAKAI’S LACK OF LEADERSHIP AND LIBERIA’S POLITICAL CRISIS

-A Commentary Joseph Boakai's failure to lead has once again...

THE MASS DISMISSAL OF LIBERIAN PUBLIC SERVANTS: A TROUBLING TREND UNDER THE BOAKAI ADMINISTRATION

A Commentary by Wondah L. Jah Since assuming the presidency,...

SECURITY RISKS: IS PRESIDENT BOAKAI UNKNOWINGLY SETTING THE STAGE FOR EARLY COUP D’ÉTAT?

In his commentary, Liberian political analyst Vandalerk R. Patricks...

LATEST NEWS

OPENING OF JOURNALISTS’ CONGRESS MARRED BY POOR ATTENDANCE

LIBERIA – The boycott by supporters of Julius Kullie...

BHOFAL CHAMBERS ADVOCATES FOR PRACTICAL GOVERNANCE AMIDST CORRUPTION CONCERNS

MONROVIA, LIBERIA – Dr. Bhofal Chambers, former House Speaker...

Share post:

EXCLUSIVE INTERVIEW

OPINION

LIBERIANS ARE IN AN ABUSIVE RELATIONSHIP WITH THE UP AND CDC

  An Opinion By Grace RK Guar Every six...

AMERICA’S NEGLECT OF LIBERIA: A CALL FOR CHANGE

An Opinion By Bishop Dr. Rudolph Q. Kwanue, Sr A...

AMID AN UNENDING WAR AGAINST POVERTY, INJUSTICES – HAS THE PROGRESSIVE STRUGGLE BECOME LOST IN TRANSLATION?

A Patriot's Diary With Ekena Wesley What manner of Liberian progressives...

HAS PRESIDENT BOAKAI’S GOVERNMENT BEGUN BEARING GOOD FRUITS? (PART1)

By Jacob N.B. Parley Following a careful reflection, I have...

ELEVATING THE AG BIBLE COLLEGE TO A UNIVERSITY: A MILESTONE ACHIEVEMENT

By Jacob N.B. Parley After many years of successful preaching...

THE GALLERY

spot_imgspot_img

MORE ARTICLES

spot_imgspot_img

MORE NEWS

LATEST DEVELOPMENT NEWS

LATEST CRIME NEWS

Share via
Copy link