Liberia sees a second chance

For many international investors, Liberia isn’t relevant. It offers little in terms of natural resource, while global banks find doing business there too risky and its young and poor population offers little commercial opportunity. Can China help turn this around?

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Central Bank of Liberia in Monrovia

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IMF SPECIAL:
THE PLACES THAT
FINANCE FORGOT

It was 2012. Steve Cashin, chief executive of financial services investment company Pan African Capital Group and director of International Bank Liberia Limited (IBLL), sat in a stuffy conference room in Washington DC with a few of his peers from other banks based in Pakistan and the Caribbean Islands.

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