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House want loan agreement funds properly utilized

Augustine Myers/Benjamin S. Taingay

( 4, 2015)-The House of Representatives is calling for transparent and proper utilization of funds from the three recently ratified loan agreements.

Members of the Lower House emphasized the need for necessary systems and controls to ensure that the utilization of such funds is transparent and proper.
The three loan agreements, totaling more than US$60 m  were recently submitted to the Lower House by President Ellen Johnson-Sirleaf for ratification.

The agreements, intended for the rehabilitation of the Roberts International Airport in Margibi County, were ratified Tuesday, June 2, 2015 by the Lower House.

The representatives said ratifying the agreements was necessary, because similar agreements were signed and passed into law in the past, but they have made no positive impact on Liberia.

The Representatives made the statement during deliberations on the three loan agreements between Liberia and Europe Investment Bank, Saudi Fund for Development and the Arab Bank for Economic Development in Africa.

According to the lawmakers, people charged with the management of money for similar projects in the past did not prove credible.

They made specific reference to the US$10-million allotted in the 2013/2014 National Budget to rehabilitate the RIA.
Based on audit report, submitted to the Public Accounts Committee of the National Legislature by the General Auditing Commission (GAC), the committee alleged the money was mismanaged.

It recommended to President Johnson-Sirleaf to take action against the RIA Management.

During the deliberations, most of the lawmakers opposed to the ratification of the agreements for fear that the money would be expanded without achieving the intended objective.

They, however, reconsidered their action after taking into account the deplorable condition of the RIA and the importance of the airport to the economic recovery program of Liberia


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