Despite a strong free-market tradition and government-supported foreign investment, investors are often deterred by taxes, corruption, inadequate legislation and delays.
Following the civil war, the government accumulated a heavy debt burden by borrowing from domestic banks to rebuild dilapidated infrastructure. There is still a need to invest in electricity, water and transportation however this has been constrained by government expenditure on debt servicing and public servant wages. The economy’s strongest growth sectors are service-based, particularly in banking and tourism (CIA World Fact Book, 2016).