The National Legislature Monday convened a joint Legislative Public Hearing to solicit views on the ratification of a $US256.7 million Millennium Challenge Corporation (MCC) grant signed recently between the4 governments of Liberia and the U.S.
Appearing before the Joint Legislative Committee on Ways, Means and Finance were acting Finance and Development Planning Minister James Kollie, Public Works Minister William Moore and Lands, Mines and Energy Minister Patrick Sendolo, among others.
The joint committee also solicited views and suggestions from the concerned committees on a Bill seeking to establish the Millennium Challenge Account (MCA), recently submitted to the 53rd National Legislature by President Ellen Johnson Sirleaf.
The US256.7 million MCC grant when ratified by the Legislature will boost the development of Liberia’s energy sector; enhance road maintenance and technical capacity building, while the MCA Bill is intended to put into place the necessary legal framework to establish the Millennium Challenge Account Liberia, whose mandate shall be to implement and oversee projects funded under the MCC.
Acting Finance Minister Kollie told the Joint Committee that Liberia’s selection for the MCC Compact Grant speaks to the fact that the nation has done “exceptionally well” in achieving some of the indicators, particularly the fight against corruption and ensuring good governance.
He said when passed into law, the Agreement between the two nations will enhance Liberia’s energy sector, thereby setting the stage for the country to attract investment in the private sector and the establishment of a competitive economy.
For his part, Public Works Minister Moore emphasized that the MCC Agreement will assist Liberia in developing a comprehensive road access management plan which will set the stage for the nation to further maintain roads already constructed.
Moore informed the body that Liberia qualified for the MCC Compact Grant because a lot of institutional discipline and governmental structures have been put into place by the government, and therefore the legislature must do all it can to fast-track the ratification of the agreement.
The Joint Legislative Hearing was also attended by the MCC Liberia Lead and former Foreign Minister Monie Captan, Representatives from the Liberia Chamber of Commerce and the Liberia Electricity Corporation, amongst others.