Monrovia: The World Bank today released the Sixth Edition of its annual Liberia Economic Update, titled "From Stabilization to Inclusion - Pathways to Resilient Growth and Productive Jobs." The report, focusing on Liberia's recent economic developments, analyzes the status of the private sector and how it can be strengthened to deliver productive jobs.

According to World Bank, the report highlights the importance of unlocking employment potential, which requires enabling firm growth, expanding production capacity, and addressing spatial and sectoral concentration. As currently structured, Liberia's private sector is unable to generate quality jobs on a large scale, amid a prevalence of informal, micro-sized firms with limited employment capacity.

Achieving sustained and inclusive growth requires confronting Liberia's employment challenges and maintaining macroeconomic stability, said Georgia Wallen, World Bank Country Manager for Liberia. Structural weaknesses in the labor market and the private sector continue to constrain the country's growth potential. Tackling these barriers is essential not only for reducing poverty but also for sustaining macroeconomic gains through a stronger domestic tax base, greater resilience to external shocks, and enhanced social cohesion.