Finance Minister Seeks Loan In China The Minister of Finance, Amara M. Konneh, heading a high power government delegation, has left the country for China and India. The delegation is expected to meet with senior officials of China Export-Import (Exim) Bank and the India’s Ministry of Finance to discuss the possibilities of securing loan to finance infrastructure projects in Liberia. Those forming part of the Government delegation include the Ministry of Justice, National Investment Commission, House of Representative, the Liberian Senate, and the Ministry of Public Works. A Finance Ministry release said some of the projects high on the agenda for financing with proceeds from the loan include the Gbarnga-Mendicoma highway; the Ganta -Zwedru highway; the transmission and distribution lines in Monrovia; the Roberts International Airport, among others. The release said government was doing everything possible to ensure that it secures the resources needed to finance Liberia’s infrastructure development which is inarguably a constraint to economic growth and expansion. Minister Konneh, in a brief chat with senior staff of the Ministry of Finance Saturday, informed them it was their job to raise the resources required to finance the country’s development. “So while we go to negotiate for loan we are still counting on our domestic revenue base.”
Posted on: Tue, 13 Aug 2013 14:12:43 +0000
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