Liberia could face a crippling funding freeze unless it lets international experts oversee its finances to ensure a new government does not squander public money after landmark October elections, the World Bank press review reports Thursday.
The scheme, drawn up by officials from the European Union, United States and UN, has met resistance from the government in Monrovia, which fears losing sovereignty if foreign advisors control its budget.
But donors say it is critical to ensure the new government that takes over after the Oct. 11 elections does not perpetuate a culture of corruption that has flourished under a transitional government set up in 2003 after 14 years of civil war in the poor west African country.
Kilde: www.worldbank.org
