Liberia: IMF and World Bank demand more transparency in public finances

Liberia's transitional government has been warned that it must account for public funds in a more transparent manner if the United Nations is to lift sanctions on timber and diamond exports and if donors are to release funds for the country's reconstruction. This blunt warning was delivered by a joint team from the International Monetary Fund (IMF), the World Bank and the US Treasury which is visiting Liberia to look at the way the government is handling its finances, the United Nations Mission in Liberia (UNMIL) said.