MONROVIA, Jan. 21 -- The General Auditing Commission has completed and submitted the Small Business Pro-Poor Development Fund Loan Scheme (SBPDF) to the Legislature and a copy to the President of Liberia consistent with the GAC Act of 2014. The audit covers July 1, 2019, to June 30, 2020.
The President of Liberia, on December 19, 2018, launched a US$3,000,000 Small Business Pro-Poor Development Fund Loan Scheme (SBPDF) aimed at empowering struggling Liberian businesses per the Executive Mansion website to overcome their long-time spectators' role in the Liberian economy.
The GAC observed that US$1,000,000 was deposited in the account designated for the Pro-Poor Loan scheme as at July 31, 2020. Of this amount, The Managements of the Liberi...