Home NewsLiberia Pres. Weah submits Loan Agreement between Liberia and African Development Fund for ratification……

Pres. Weah submits Loan Agreement between Liberia and African Development Fund for ratification……

by T. Wholquoi Yeahgar

MONROVIA, LIBERIA-President George Weah has submitted a loan agreement between Liberia and the African Development Fund (ADF) to the House Representatives for ratification.

In a communication to Plenary on Thursday, February 10, 2022, President Weah said:” The loan will finance the Special Agro Industrial Processing Zone Project.”

According to him, the ADF will extend to Liberia a loan of an amount not exceeding seven-million-right-hundred-forty-thousand United States Dollars.

The Liberian Leader added that the project, among other things, will further create a better business environment for increased investments in the industrial sector.

Meanwhile, the instrument has been forwarded to the Committee on Ways, Means and Judiciary.

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