Gov’t Set to Borrow US$2M

0
662
ellen-johnson-sirleaf5.jpg

Liberia is poised to borrow over US$2 million to finance and strengthen her public sector.

The Chief Executive, President Ellen Johnson Sirleaf, communicated a ratification agreement to the House of Representatives requesting that August Body to act in order to attract competent civil servants to the system.

According to President Sirleaf’s letter, the financing agreement is intended to “improve pay and performance management in Ministries and strengthen payroll management in the Civil Service Agency.”

The project, she said, “consists of three components. The first is improving pay management.  This includes implementation of program within the civil service to attract and retain competent managerial and professional staff and boost motivation amongst civil servants.”

The second is strengthening payroll management, which includes implementation of a program aimed at establishing an accurate civil service payroll and ensuring predictability in the wage bill.

The third is improving performance, which involves implementation of a program which enables selected Ministries, Agencies and Commissions to focus on performing their core functions and establishing performance and accountability standards among civil servants.

The Civil Servant Agency is lead implementer of the project, which is valued around US$2,100,000, Madam Sirleaf said.

She pleaded with the House to speedily ratify the agreement in order to initiate the necessary and much needed reforms of the civil service sector.

However, the House voted Thursday of last week to send the communication to its Ways, Means and Finance, Good Governance and Judiciary committees to study and report to plenary in two weeks.

Meanwhile, Capitol Hill is also studying a Concession Agreement involving the Government of Liberia and Liberia Cocoa Corporation (LCC).

The concession area is located in Quardu-Gboni District, Lofa County and is expected to cover approximately 6,000 hectares of government-owned land.

According to Madam Sirleaf, the duration of the agreement is 40 years. She justified the contract by saying, “The term is created so as to be in harmony with the lifecycle of coca tree, and LCC is required to invest no less than US$12 million in the project during the first 10 years of the agreement.”

Additionally, the President said, “The agreement contains social, environmental, community development, local content, education, and health obligations similar to those in other agricultural concessions.”

The project would enhance agricultural production in tree crops that are exportable and consequently support the nation’s balance of trade, the Liberian leader asserted.

Authors

LEAVE A REPLY

Please enter your comment!
Please enter your name here