Private capital and investments will help Liberia do away with foreign aid in 10 years, Liberian President Ellen Johnson Sirleaf believes so. While the U.S. has been a big donor to the African nation, it is China that has become the forerunner in supporting private investments in Liberia.
China is “fast” and “flexible,” Sirleaf said at the Council on Foreign Relations May 25. She added that the Asian country dominates the construction sector of Liberia.
This scenario has “got to be something of a wake-up call for U.S. foreign aid – and even private investors,” Elizabeth Dickinson writes in a blog published by Foreign Policy.
“Thanks to its historical ties to the United States, Liberia is usually thought to be in ‘America’s’ sphere in influence on the continent – after all, Monrovia has been a major recipient of foreign aid. But China’s presence, and its increasingly attractive and flexible model, is pretty hard to out do,” she adds.