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Make agriculture economys saving grace- John Davis

Jos Garneo Cephas
Liberia Bank for Investment and Development (LBDI) President,  James Davis
Liberia Bank for Investment and Development (LBDI) President, James Davis

(elbcradio.com/Liberia/Nov25/2014)-The Liberia Bank for Investment and Development (LBDI) President is recommending that policy-makers consider agriculture as saving grace for the nation’s economy.

James Davis said: “The real challenge in developing the economy does not rest in how many iron ore companies we have, because they are seasonal.”

The current status of the Liberian economy is put at negative zero point four percent.

The LBDI President made the recommendations Thursday, November 20, 2014 in an interview with elbcradio.com at a forum of Liberia Investment Expansion (IBEX) in Monrovia.

The Liberia Investment Expansion (IBEX) was established to advise bankers and, small-and-medium enterprises in the country.

Mr. Davis said: “The total revision of the economy, including the Ebola impact on the sector, calls for improvement in the areas of food, cash crops, fishery and animal husbandry.”

He also said: “In spite of limited resources, LBDI has financed the construction of a rubber factory, valued at about US$2m, in the country.”

“The construction of the rubber factory is a part of CBL and the Bankers Association’s initiatives in providing a stimulus package to enabling.
 

 


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