The Government of Liberia through the Ministry of Finance and Development Planning (MFDP) has signed a US$4.8 million Participating Agreement (PA) and Approval of Withdrawal Request for the Micro, Small and Medium Enterprises (MSMEs) through the World Bank Rural Finance Post Ebola Reconstruction Project with GN Liberia Limited Bank and BRAC Liberia, among others. The signing will enable access to US$ 4.8 million grant from the World Bank intended to make funding available to MSMEs on sustainable terms, strengthen the capacity of Liberia’s private sector financial institutions and banks to lend profitably to Small Medium Enterprises (MSMEs).
Monrovia, Liberia - Finance Minister Boima S. Kamara has cautioned the young people of Liberia against allowing themselves to be used by anyone or a group of politicians to engage in violent behaviors that will lead to the destruction of lives and properties during the electoral process.
The Director General for SDGs Center for Africa, fellow Ministers and other officials of the government of Liberia here present, members of civil society, representatives from the academic community and the private sector, members of the fourth estate, distinguished ladies and gentlemen.
Liberia’s Finance and Development Planning Minister, Hon. Boima S. Kamara, at the head of a three-man delegation, joined his counterparts from across the continent in Addis Ababa, Ethiopia from August 7 to 9 to assess the status and accelerate implementation of the decisions of the Assembly of Heads of States and Government to ensure financial autonomy of the Union by 2020.
Monrovia, Liberia - The President of Liberia, Her Excellency Madam Ellen Johnson Sirleaf is expected to meet delegates attending the ongoing Statutory Meetings of Finance Ministers and Central Bank Governors of the West African Monetary Zone (WAMZ) on Friday, 4 August 2017.
The government of Liberia says between 2014 through 2016, the economies of countries in the sub region were hard hit by unfavorable economic conditions including commodity price shocks, natural disasters and epidemic outbreaks.
The Executive Governor of the Central Bank of Liberia (CBL), Mr. Milton A. Weeks, on Monday 31 July 2017, set the tone of the 26th meeting of the College of Supervisors of the West African Monetary Zone (CSWAMZ) by urging members of the College of Supervisors of West African Central Banks to think through what is likely to cause a banking/financial crisis in the West African monetary zone as well as the efforts required to address such crisis. He said: “The need for a zonal crisis prevention, management and resolution framework is more and more evident. Do we have the right mechanisms to address the potential risks associated with the increasing digitization of our financial systems?”
The Government of Liberia through the Office of the National Authorizing Office, Ministry of Finance & Development Planning has kick-off a contract to put up additional transmissions and distribution lines intended to absorb more electricity to Monrovia from the Mount Coffee Hydro Dam.
The Executive Governor of the Central Bank of Liberia (CBL), Mr. Milton Weeks says global commodity price shock and the impact of a devastating Ebola Virus Disease (EVD) are two major factors responsible for the dismal performance of the Liberian economy during 2016.
The 2017 Mid-Year statutory meetings of the West Africa Monetary Agency (WAMA) and the West Africa Monetary Institute (WAMI) got underway today in the Liberian capital, Monrovia, with invited delegates from the sub region in attendance.
The Director General of the West African Monetary Agency (WAMA), Mr. Momodou B. Saho, says the ongoing ECOWAS conference comes against the backdrop of slowdown in growth momentum in the sub region reflecting developments in the largest economy, Nigeria.
Monrovia, Liberia - Fiscal and Monetary policy experts in the West African sub region will today in the auditorium of the Central Bank of Liberia, commence a nine-day intensive High-Level Statutory Conference aimed at finding workable solutions to the numerous economic challenges facing their embattled economies.
A high-level statutory conference of the Committees of the Ministers of Finance, Governors of Central Banks and the College of Supervisors of the West African Monetary Zone (WAMZ) is slated to take pace in Monrovia from July 27-August 4, 2017.
The attention of the Ministry of Finance and Development Planning (MFDP) has been drawn to the Tuesday, July 18, 2017 edition of the FrontPage Africa Newspaper in which the paper erroneously reported a potential US$41 million dollars deficit for the just ended 2016/2017 fiscal year not on the basis of factual reporting but on account of “reliable or financial experts.
The Minister of Finance and Development Planning, Hon. Boima S. Kamara along with other senior officials of the Ministry yesterday toured the ongoing upgrade and expansion work at the Roberts International Airport. The upgrade and expansion work covers the rebuilding of the New Terminal, the Rehabilitation of the Runway, Road Station, Parking lots, Sewage Treatment System, Electricity systems and other major key components at the Airport.
Distinguished Ladies and Gentlemen of the Press
The Ministry of Finance and Development Planning (MFDP) categorically and emphatically disassociates itself from statements made by Mr. Abraham Bernard Waritay, Director of Communications & External Affairs at MFDP to Front Page Africa and other media outlets relative to the Mohammed Sambollah saga. Mr. Waritay's statements do not represent MFDP's position on the matter.
Monrovia, Liberia - A two-day State Owned Enterprises (SOEs) Annual Renewal Workshop gets underway from June 23 to June 24, 2017 in the port city of Buchanan, Grand Bassa County.
The Liberia Macroeconomic Policy Analysis Center (LIMPAC) of the Ministry of Finance and Development Planning (MFDP) , On Friday June 2, 2017 contributed L$1,0000,000 (One Million Liberian Dollars ) to raise the hope of hundreds of students of the University of Liberia who feared being dropout for the second semester of academic year 2016/2017.
Monrovia, Liberia – Tuesday May 30, 2017: The Ministry of Finance and Development Planning (MFDP) Categorically Refutes the In Profile Daily Newspaper’s Publications of Thursday, May 25, 2017 And Monday, May 29, 2017 With Headlines: “Debt Payment Fraud” And “Finance In Huge Fraud”.
According to a Ministry of finance and Development Planning release, the signing of the Regional Disease Surveillance Systems Enhancement (REDISSE2) Project will provide the needed opportunity for Liberia to operationalize lessons learned from the recent disease outbreak in Sinoe County.
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