GoL, IDA Sign US$54M Health Loan Agreement

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President George Weah

— As Senate concurs with House of Representatives to Ratify GoL, Foauni Brothers Investment Incentive Agreement

President George Manneh Weah has submitted to the National Legislature for ratification a financing agreement to include “services for health project in the amount of US$54 million between the Republic of Liberia and the International Development Association (IDA).” According to the President’s communication, under the agreement, “IDA extends to the Republic of Liberia credit in the amount of US$54 million to improve health service delivery to women, children and the adolescent in Liberia.

The communication said repayment of the total principal amount of credit shall be on each June 15th and December 15th, beginning June 15, 2025, through June 11, 2054, at the rate of 1.67% (percent). while the final payment on December 15, 2054, is at the rate of 1.47%.

“The project, among other things, is to assist to design and construct phase two of the Redemption Hospital, and acquire and install equipment for phases one and two of said hospital,” the President’s letter noted.

According to him, the project will also enhance the human resource skills of key health specialists, including nurses and midwives through provisions of training, undergraduate and postgraduate studies in selected areas, including internal medicines, surgery, aesthetic and gynecology, pediatrics and anesthesia.

Additionally, President Weah asserted that, when completed, the project will ensure enhanced availability of reliable data to promote evidence-based decision making within the health system.

The project, President Weah noted, shall be carried out through the Ministry of Health, by project Implementation Unit (PIU) which he noted, shall be responsible for the overall planning, oversight, coordination and management including development of work plans and budget, procurement planning, monitoring and evaluation of the project.

“I thought the Legislature will ratify this agreement which aims at improving the health services delivery of our country,” the President’s communication concluded.

Through a motion by Grand Cape Mount County ranking Senator H. Varney Sherman, a majority headcount agreed that the agreement is sent to the relevant committee of the Senate to report to plenary following the return of the Legislators from the July 26th Independence Day celebration.

In another development, the Senate Committee on Investment and Concessions yesterday recommended to plenary to ratify the Incentive Investment agreement between the Government of Liberia and the Foauni Brothers Corporation.

“The committee concluded that there are sufficient justifications for ratification of the Incentive Investment agreement, and the committee, therefore, recommends to the Liberian Senate to approve the investment incentive agreement, thereby concurring with the House of Representatives.”

The recommendation was signed by majority members of the committee, excluding Senator Sherman who, because of his reported interest in the Incentive Investment agreement, recused himself from participation in the deliberations of the committee.

Through a motion by Maryland County Senator H. Dan Morais, the Senate voted unanimously to concur with the House of Representatives.

3 COMMENTS

  1. When Weah wants to buy floor rags, LOAN!
    When Weah wants to buy toilet papers for the Executive Mansion, LOAN!
    When Weah want to construct the road from Monrovia to RIA, LOAN!
    When Weah wants to feed his lazy and unproductive partisans, LOAN!
    When Weah wants to procrastinate precious time to sing his COVID-19 song, LOAN!

    Watch out, Weah!
    Everthing this president does, he must take a loan. He used the money generated by his predecessor to demolish his houses and reconstruct them into mansions, and he continues to build homes for himself, ONLY one human being and his family, while people are without salaries for 23 months.
    Thank God you are building yours in Liberia. It would be easy to seize and sell on auction.

  2. Peter Dolo, that’s your stupid given name from Yekepa. You changed it to Petarus Dolo to evade justice from the Liberian civil war.

    A fool like you Peter Dolo aka Petarus, a coward, a hypocrite, a deceiver that sold yourself for one piece of silver to be a butt licker and butt kisser of Alexander Cummings. The other Peter I know about at least got 30 pieces of silver for his betrayal, that goes to show you Peter (aka Petarus) Dolo is a cheap WHORE.

    You Peter Dolo, aka Petarus, never head or work in any governmental agency in Liberia or have a work history in Liberia and a big ignoramus like you have no clue on the functions of a government.

    Are you aware that the opposition bloc you bent your behind here everyday for is in the majority and they don’t have to vote YES to any loan ? Your answer is a big NO..

    Did you consider calling on your opposition bloc in the legislature to vote NO to the loan because it will not be beneficial to Redemption Hospital, MOH, NPHIL ? Your answer is a big NO.

    Like the sayings goes, ” Birds of the same feathers flock together ” No wonder you Peter Dolo aka Petarus is a butt licker and butt kisser of Alexander Cummings because you never held a job in Liberia with work history neither your boss and deity Alexander Cummings. After high school your demigod Alexander Cummings work at LBDI for a short period, left for the States for undergrad and grad studies, returned to Liberia and want to be rewarded the Liberian presidency like he’s the first qualify Negro from Coco cola factory that Liberians have seen.

    Peter Dolo aka Petarus, Do you know that your diety Cummings didn’t become President of Coco
    Cola upon his arrival in the States ? Your answer again is a big NO.
    Your evil plans of outsourcing everything in Liberia and turning Liberia into Sodom and Gomorrah with butt brothers will not work.

    Since your looting days during the civil war is over, the next item you have on your list is Weah’s properties, try it.

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