Was the Charles Taylor Trial Worth the Price Tag?
This is a joint-post with Alaina Varvaloucas. Varvaloucas is a student at Yale Law School and formerly worked for Oxford University’s Centre for the Study of African Economies, based in Freetown.
Yesterday, after 9 years and nearly $250 million dollars spent, the Special Court for Sierra Leone in the Hague sentenced former Liberian President Charles Taylor to 50 years in prison after convicting him on 11 counts of war crimes and crimes against humanity. Taylor's trial has been an important milestone in the struggle to end impunity for tyrants and mass murderers. But the international community's guilt-ridden obsession with pursuing the Charles Taylors of the world is skewing the allocation of resources in war-torn countries toward celebrity trials and away from poor people with limited access to justice.

In a huge step forward, this week Liberia slashed its foreign debt by buying back $1.2 billion in commercial debt -- about one-quarter of its foreign debt -- from its private foreign creditors, including banks, hedge funds, and other “distressed debt” investment funds.
Exciting things happening in Liberia right now, especially at the Ministry of Finance. I am pleased to announce the Liberian Minister of Finance, Dr. Antoinette Sayeh, will be speaking at a CGD event later this month.