In Liberia, a new audit by the General Auditing Commission (GAC) has revealed that the country’s domestic debt stands at 92.1 million U.S. dollars, along with an additional 259.4 million Liberian dollars in liabilities.
The GAC report questions the validity of about 11% of the reviewed claims, citing missing or inadequate documentation to justify the obligations.
Auditors warn that the findings expose systemic weaknesses in how domestic debt is processed, recorded, and reported—calling for urgent reforms to strengthen Liberia’s financial governance.