Liberia: House of Representatives Ratifies US$40M Direct Budgetary Support Agreement
Liberia, March 20 -- Capitol Hill, Monrovia - The House of Representatives has ratified a US$40 million agreement with the International Development Association (IDA) to directly support fiscal year 2019/2020 national budget.
The financing
agreement, the "First Inclusive Growth Development Policy Operation", has
already been signed between the Liberian Government, which was represented by
Finance and Development Planning Minister Samuel Tweah and the World Bank
Country, which was represented by its Manager, Dr. Khwima Nthara.
However, in
line with constitutional provision, President George M. Weah is seeking
Legislative approval to consummate the agreement.
According to
President Weah, of the US$40 million, US$20 million is in t...
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