Liberia + 1 more

UNHCR Liberia Factsheet - March 2019

Format
Situation Report
Source
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WORKING WITH PARTNERS

UNHCR works with the Government of Liberia through the Liberia Refugee Repatriation and Resettlement Commission (LRRRC) in the provision of protection and assistance to refugees and asylum seekers, including gender issues, child protection and education.

UNHCR provides funding to African Initiatives for Relief and Development (AIRD). This INGO provides support in infrastructure; shelter; WASH; and livelihood activities.

CONTEXT HIGHLIGHTS

President Weah requests audit on US$ 25million mop-up exercise. Those arrested in connection to the report are released.

■ On 7 March 2019, the President of Liberia, George Manneh Weah, ordered an implementation of the findings of the Kroll Associates’ report and that of the Presidential Investigation Team.

  • Kroll Associates’ report was released by the US Embassy on 28 February 2019 and looks into the alleged disappearance of more than US$100 million worth of newly printed Liberian banknotes in 2018.

  • The report concluded that there was unauthorised printing of Liberian notes that amounted to 15.5 billion Liberian Dollars (US$100m).

  • In a related development, the Presidential Investigation Team (PIT) report tackles the infusion of US$ 25 million, announced by President Weah in July 2018 as an infusion into the Liberian economy.

  • The objective was to “mop-up” the excess of Liberian dollar/LRD banknotes in an attempt to address the excess liquidity of the Liberian Dollar.

  • PIT’s report calls for a ‘forensic investigation’ of the entire mop-up exercise carried out by the Central Bank of Liberia (CBL).

  • While both Kroll’s and the PIT report point to discrepancies on how the mop-up exercise was carried out, CBL says that the US$25 million that President Weah mandated the Economic Management Team to infuse in the economy is accounted for.

■ In March 2019, the Criminal Court ‘C’ released the five CBL former and current employees who were arrested in connection to the findings of the PIT report and that of Kroll Associates.