Singapore-Based Financing FirmFrontPageAfrica has also been able to confirm that the financing company at the center of the deal is Eton Finance Private Limited based in Singapore. Since the company is an unlisted private company, there is no public information on the total capitalization or its net asset value (NAV). Article IV Breach a Concern for StakeholdersIt is unclear how the Weah-led government will deal with the concerns raised by the IMF and other international stakeholders regarding the potential breach of Article IV. As it may, Liberia has a long history of mismanaging of funds acquired through debt financing. Since 1847, history is replete with instances of mismanagement of funds raised through debt financing.

Source: Front Page Africa April 03, 2018 02:03 UTC