In Washington D.C. Liberia’s Finance Minister Signs Several Financing Agreements

Flash Back: Hon. Samuel D. Tweah Jr. sign IDA Grant agreement with Liberia World Bank Country Director Hon. Pierre Laporte

Liberia’s Finance and Development Planning Minister, Samuel Tweah, has signed major financing agreements on the sidelines of the World Bank/IMF 2019 Annual Meetings in Washington, DC.

The deals are part of the government’s effort to bolster the country’s economy through infrastructure development and growing the private sector.

Under the World Bank Southeastern Corridor Road Asset Management Project, a US$20 Million grant agreement was signed between the GoL and the World Bank for the reconstruction of the Ganta to Tapita highway in Nimba County.

Under Opec Fund for International Development (OFID), the Minister signed a US$25M concessional facility for the reconstruction of the Kornea -Voinjama highway in Lofa County.

The OFID signing complements other agreements   the Liberian government has sealed for the Lofa corridor – including with the Kuwaiti Fund and the Arab Bank for Development in Africa (BADEA) – in its push to connect the crucial northern county. This deal now fully completes the financing of the road in the area.

Minister Tweah also signed an agreement dubbed the Private Sector Window, which allows the Private  Sector in Liberia to access OPEC funding at concessional rates.

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About Cholo Brooks 14961 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.