Liberia-Economy-Agreement-Weah

President Weah signs $40m financing agreement into law

APA-Monrovia (Liberia)

Liberia President George Manneh Weah has signed into law the Financing Agreement entered into by the government and the International Development Association of the World Bank.

The US$40 million Financing Agreement, which is a Budget Support, was sought by the Liberian Government to fill financing gaps in the 2019/2020 Fiscal Budget to enable the government execute some of its operational programs.

Of the amount, US$20m is a concessional loan payable in 38 years, while the other US$20M is a grant.

President Weah who signed the instrument following its ratification by the 54th National Legislature few days ago, expressed gratitude to the World Bank for its continuous support to the Government’s development agenda through different financial arrangements.

TSS/APA

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