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LIBERIA: GOVERNMENT DEFENDS US$25M LIQUIDITY MOP-UP EXERCISE

      The George Weah administration inherited a terrible economy, which amongst other things expressed itself in the galloping decline in the value of the Liberian Dollar against the United States Dollar. The exchange rate persistently depreciated causing rapid and sustained increase in the general cost of living underpinned by skyrocketing prices of essential commodities. Concord Times’ Lyndon Ponnie reports on how the nascent Liberian Government robustly intervened to halt a devastating situation in the country. Deputy Minister for Fiscal Affairs at the Liberia Ministry of Finance and Development Planning, Mr. Samora Wollokolllie, told Concord Times in an exclusive interview recently that the devastating shocks in the economy of Liberia prompted the convening of both the Economic Management Team (EMT) chaired by the President…

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 PRESIDENT Weah VISIT  To Israel  BROUGHT RAIN for which Jews pray three times a day.

George Manna Weah is a former international football star, considered to be among the best of Africa’s players. BY GREER FAY CASHMAN Reuven Rivlin (C-R) and George Weah (C-L). (photo credit: GPO) It was inevitable that football would come into the discussion when President Reuven Rivlin, who lives and breathes the sport, welcomed Liberian President George Manna Weah, who arrived at the President’s Residence with a large delegation of ministers and aides. Weah is a former international football star, considered to be among the best of Africa’s players. Rivlin told him that he had seen him play in 2000 in the Football Association Cup Final at Wembley Stadium, when he was playing for the Chelsea Football Club, which defeated Aston Villa 1-0. Rivlin had also followed…

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President Weah  Israel’s Reuven Rivlin;  Push for New Frontiers in Diplomatic Relations

  Tel Aviv, Israel – The President of Liberia, H.E. Dr. George Manneh Weah and the President of the State of Israel, Mr. Reuven Rivlin, have vowed to lift bilateral relations and cooperation between their two countries and peoples to new heights of mutual benefit. Meeting his Israeli counterpart Thursday, February 28, 2019, at the Presidential Palace as part of his official visit to the State of Israel, President Weah commended the Government and people of Israel for the warm reception accorded him and his delegation since their arrival in that country.   The Liberian leader recalled the invaluable role that the State of Israel played during the country’s fight against the Ebola epidemic. He also hailed Israel’s infrastructure development efforts in Liberia, including the construction…

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 Effective March 5,   Liberia Business Community     To Boycott NPA

   – Members of the business community, led by the Liberia Chamber of Commerce, have unanimously voted to boycott the National Port Authority (NPA) effective March 5, 2019. The Liberia Chamber of Commerce held an urgent meeting with members of the business community on Monday, February 25, 2019 at 4pm at the Chamber of Commerce to update the Business Community on the status of the implementation of the controversial Global Tracking & Maritime Solutions (GTMS) Cargo Tracking Number (CTN) fees; and to decide/vote on a plan of action if the issues of GTMS/CTN were not properly addressed by the NPA. The Business Community was well represented through their various businesses, organizations, and associations including the Liberia Business Association (LIBA), Fula Business Association, World Lebanese Cultural Union (WLCU), Liberia Wholesalers…

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Liberia: ‘No Information To Support Allegations Missing LRD 16 Billion Container,’

The US Embassy near Monrovia has revealed that the independent auditing firm, Kroll’s analysis of the delivery documents provided by the Central Bank of Liberia (CBL) confirms that while new banknotes totaling LRD 15.506 billion were received into the CBL’s reserve vaults, the auditing firm found no information to support allegations that a container of banknotes went missing. The statement notes that Kroll does however raise concerns regarding the overall accuracy and completeness of the CBL’s internal records. “The Report identifies systemic and procedural weaknesses at the CBL, and identifies shortcomings in Liberia’s fiscal and monetary management processes that are longstanding and continue to the present day,” according to the statement. Read the full statement below: The US Embassy in Liberia is pleased to release…

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Breaking News:Deputy Governor Charles Sirleaf Arrested Over ‘Missing’ LRD  16Billions

Mr. Charles Sirleaf is being handcuffed by officiers of the LNP It has been confirmed in Monrovia Mr. Charles Sirleaf, son of ex-president Ellen Johnson Sirleaf who is also the Deputy Governor of the Central Bank of Liberia for Operations has been arrested by the Liberia National Police in connection with the missing billion in local currency banknotes which cannot be accounted. A source told Smart News Mr. Sirleaf was picked up from the Central Bank Thursday evening while in a Board meeting. Mr. Dorbor Hagba, Director of Banking handcuffed by the Police He was handcuffed and escorted by heavy security presence amid jubilation by residents close to the Central Bank. He was arrested along with  Mr. Dorbor Hagba, Director of Banking. The pair are currently at…

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Liberia: Ahead Of Missing LRD 16 Billion Report; UN, AU, And ECOWAS Hold Major Meeting In Monrovia

  a three hours meeting was held in Monrovia to discuss a number of key national issues pertinent to maintaining peace and stability across Liberia through good governance, accountability, transparency and the rule of law. The meeting, which was held in the Conference Hall of the Pan African Plaza at the UN Headquarters in Sinkor, was organized and spearheaded by UN, AU and ECOWAS represented by H.E. Yacoub El Hillo, H.E. Ibrahim Mbaba Kamara, and H.E. Tunde Ajisomo respectively. The UNDP Country Representative, Dr. Pa Lamin Beyai, was also in attendance.  Invitees or invited guests attending the meeting were: a. The four (4) collaborating political parties represented by Mr. Wilmot Paye and Mr. Mo Ali of Unity Party (UP), Mr. Abraham Darius Dillion and Mr. Jacob Smith…

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Israel arrests former terrorist leader, citing ‘serious’ current activities

. In addition to Zakaria Zubeidi, Shin Bet detains attorney Tarek Barghout, who the security service says was also involved in terrorist plots Zakaria Zubeidi, the local commander of Fatah’s military wing, the Al-Aqsa Martyrs Brigades, and other gunmen march along the streets of the West Bank town of Jenin on April 2, 2005. (Mohammed Ballas/AP Photo) Israeli security forces on Wednesday arrested Zakaria Zubeidi, a former Palestinian terrorist leader long sought by Israeli law enforcement, on suspicion that he was engaged in “serious and current terrorist activities,” the Shin Bet said. In addition to Zubeidi, Israeli forces also arrested the attorney Tarek Barghout on similar charges. “This morning, in a joint operation by the Shin Bet security service, Israel Defense Forces and Israel Police,…

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President Weah Amplifies Pro-Poor Agenda in Israel As He Cements Bilateral Relations

  President Weah speaks at the MASHAV, which is Israel’s Agency for International Development Cooperation Photo Credit: Executive Mansion Photo Tel Aviv, Israeli – The President of the Republic, H.E. Dr. George Manneh Weah, has been wooing a cross-section of business people and organizations in the State of Israel to Liberia’s diverse business opportunities, accentuating his determination to explore every available means that will pull the impoverished majority of Liberians out of poverty. The Liberian leader told Israel’s senior officials and business executives that his mission to cement relations with Liberia’s traditional allies, including the State of Israel, is aimed at actualizing his government’s Pro Poor Agenda for Development (PAPD) which seeks to give power to the people, create jobs and improve the economy and…

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House of Representatives Reviews CSDF’s Stand Alone Law

 Leroy M. Sonpon, III In an effort to ensure the effectiveness in the utilization of the County Development Fund (CDF) and the Social Development Fund (SDF) which are jointly known as the County Social Development Fund (CSDF), the House of Representatives is reviewing a proposed law to amend a portion of the budget law to be protected from constant changes on an annual basis. The draft law is named: “An Act to Establish a National County Social Development Fund (CSDF) or Stand Alone Law.” The stipulation of the CDF for each county is US$200,000 in the fiscal budget and the Social Development Fund (SDF) involves payments emanating from Concession Agreements. The House’s Plenary voted to send CSDF’s Stand Alone Law to the Joint Committee on…

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