The transcripts of the trial of Charles Taylor, former President of Liberia. More…

I'm going to have to break this down because there are about three, four different constructs in here. Let's deal with ten years of negative growth, guaranteeing deficits financed through heavy borrowing. The military comes to power. Doe is there; investment begin to dwindle. Most foreign investment in the country begin to find themselves pulling out because here we have a situation where the military is there; we've had an attempt before.

We are still going through this terrible problem and there are open secrets that something - that Liberians are not, you know, were not prepared to permit this whole process to continue and that probably there will be trouble in the country, so this serves as a disincentive to foreign investment. So we had the decline in investment that led to this negative growth. And so what Liberia had to do at that particular time was Doe kept trying to borrow money to fill this gap that had been left as a result of this negative growth.

This part that deals with the abject neglect of the country's physical and human infrastructure have taken a heavy toll. The human infrastructure had to deal with that segment of the up-and-coming students and the educated already population in Liberia and also in the Diaspora. Liberians that were educated and trained in various disciplines that might have wanted to come home found themselves not coming.

Our universities found themselves losing assistance to the academic process, and so this whole process of renewal, training - growing and training to over time replace and keep the civil service and other parts of the economy going were all hampered because of this massive loss of revenue because of the negative growth. And so this is what we were talking about in that particular part.

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