Liberia reached the Heavily Indebted Poor Countries (HIPC) Completion Point in October 2010. This has not only led to the writing off of 4.6 billion US dollars (USD) by Multilateral Development Banks, Paris Club members and commercial creditors, but has also created a positive reform dynamic in the country. The challenge for Liberia is to make the transition from post-conflict reconstruction to sustainable development. This can only be achieved through further regional integration and regional infrastructure projects, as Liberia is a small country with limited purchasing power. Companies from emerging partners are mainly active in the extractive industries and palm oil sectors. Of these, China is the largest provider of development assistance and its aid efforts are coordinated with other traditional donors.
Read the article right here.