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Who’s Reaping Grand Kru County Royalty?

In Grand Kru County Several kilos of Gold leave on a daily basis -County remained under Development Who’s Reaping the county’s Royalty? Grand Kru County is rich with Natural Mineral resources, but ironically the county with this resource happens to be the poorest locking basic social services with citizens living in destitution, yet these resources are extracted with little or no benefit to the county. The gold rich Grand Kru County can perhaps be graded as one of the poorest county as the capital city, Barclayville is no different from an ancient settlement with several primitive houses and makeshift structure. Interestingly the county has become a place for illicit mining activities. The massive search for gold by Liberians and foreign nationals including Chinese, Ghanaians etc…

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Governance and Boost Economic Transformation

L/R: Hon. Samuel Tweah, Minister of Finance and Development Planning and Dr. Henry Kerali, World Bank Country Director for Ghana, Liberia and Sierra Leone, and The World Bank and the Government of Liberia have signed a $24.67 million grant agreement for the Fourth Poverty Reduction Support Development Policy Operation (PRSDPO-IV) for Liberia. This agreement comprises a $20 million grant from the International Development Association* (IDA), and a $4.67 million grant from the Norwegian Liberia Forest Landscape Single Donor Trust Fund. The agreement was signed by Dr. Henry Kerali, World Bank Country Director for Ghana, Liberia and Sierra Leone, and Hon. Samuel Tweah, Minister of Finance and Development Planning. The PRSDPO-IV is the last of a programmatic series of Development Policy Operations to support the implementation…

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Cllr. Fonati Koffa Submits Liberian Business and Economic Empowerment Act of 2018

Rep. Cllr. Fonati Koffa Submits Liberian Business and Economic Empowerment Act of 2018 The Plenary of the Honorable House of Representatives of the 54th Legislature has mandated its committees on Judiciary, Ways, Means and Finance, Commerce and Labour to scrutinize a proposed Act seeking to strengthen and protect Liberian businesses. The Bill title “Liberian Business and Economic Empowerment Act of 2018’’ was presented to the House’s Plenary by Hon. Cllr. J. Fonati Koffa of Electoral District 2 Grand Kru County along with fifteen (15) Co-Sponsors from the House of Representatives. The proposed Act was submitted on Tuesday, 30 January during the 6th day sitting of the House of Representatives of the 54th Legislature. “The purpose of this bill is to strengthen the law protecting Liberian…

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Abrupt Drop in Exchange Rate Heightens Vulnerability of Liberia’s

Monrovia – The abrupt drop in the exchange rate between the United States and the Liberian dollars few hours before President George Manneh Weah delivered his first address to the Legislature on Monday, January 29 was mysterious. For a fragile economy like Liberia’s, uncertainties can be uncontrollable and when the movers-and-shakers of the sector are anxious, the local foreign exchange market takes a warp. It is the Liberian to U.S dollar’s exchange rate that sets the tone for most aspects of the local economy. The unprecedented decline in the exchange rate is now generating concerns and uncertainties at the same time, while Liberians ponder the factors responsible. Economists say one reason for such slump in the exchange rate was the suspicion conceived by businesses as…

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Importers Reduce Rice price by US$2-4 After Meeting With Pres. Weah

Monrovia – President George Weah has acknowledged the favorable response of rice importers to his request for reduction in the price of the nation’s staple food. The rice importers have reduced the price of a 25kg bag by two United States Dollars while the price of a 50kg bag is reduced by US$4. According to an Executive Mansion release, the welcoming news comes as a result of increased pressure on rice importers by President Weah who believes it is intolerable for the price of the national staple, to continue to increase amidst the high cost of living in the country. President Weah and officials of the rice Importers Association, for the second day running, met Friday, February 2, 2018, to continue negotiations on the reduction…

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Liberia Development Conference Anthology Launch

(MONROVIA) The United States Agency for International Development, the Embassy of Sweden and the University of Liberia will on Thursday, February 8, 2018, launch the Liberia Development Conference Anthology.  U.S. Ambassador to Liberia Christine Elder, other members of the Diplomatic Corps, and officials of the Government of Liberia are expected to attend the ceremony. The Anthology is a compilation of 39 analytical papers that discuss Liberia’s development challenges and opportunities.  Each paper takes a particular development challenge Liberia faces, such as promoting private sector competitiveness, barriers to universal health coverage, and youth empowerment, and objectively analyses its causes and effects, and then sets forth concrete proposals for solving it. The papers, written primarily by Liberians, were presented and discussed at the first-ever Liberia Development Conference…

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Business Day Liberia Releases List Of Personality Of The Year – 2017

As the year 2017 come  to an end to usher in a brand new year, 2018, the management of  the Southeastern Communication Network  Incorporated, publisher of  Business day Liberia(www. Businessdayiberia.com) one of Liberia’s widely browse online newspapers is pleased as a way of tradition to highlight individuals and institutions that have made a noteworthy contributions during the year-2017. The selections of these individuals and institutions was done through public sampling around the Country via email to our team of reporters stating clearly what their selection was made; given reason why their candidate should be considered. Below listed names of individuals and institutions are those who have   been selected  given  their immerse contribution  to  society, BDL Man of the year – 2017; Senator George Weah  Senator…

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World News

THE World Bank has collaborated with the Global Covenant of Mayors for Climate & Energy to provide technical assistance and $4.5 billion in funding to help cities around the world better prepare for and respond to the impacts of climate change, under the World Bank’s City Resilience Program (CRP). wold bank Recently launched by the World Bank, the Global Facility for Disaster Reduction and Recovery (GFDRR) and the Swiss Economic Secretariat (SECO), the CRP is designed to assist local governments’ efforts at improving resilience and evolving to the ever-changing impacts of climate change. Under the umbrella of the CRP, the World Bank has collaborated with the Global Covenant of Mayors for Climate & Energy, which combines the Compact of Mayors and the EU Covenant of…

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