France, Jan. 26 -- Liberian President George Weah proposed several economic policies and legislative reforms during his 4th State of the Nation Address in Monrovia on Monday, in an effort to address the country's worsening economic situation.

"The policy of my government was significantly focused on protecting the purchasing power of our low-income population by aggressively fighting inflation, which reduced from about 30 percent in 2019 to about 12 percent in December 2020," he said.

Weah, citing a challenging year for the Liberian economy, attributed the decline to Covid-19 lockdowns, restrictions on international travel, disruptions in supply chains and international trade among others.

The president pointed to a contraction of the ...