Grand Bassa County Senator Jonathan Kaipay has written the plenary of the Liberian Senate requesting that body to cite the Minister of Finance and Development Planning to provide “pertinent information on the status of the country’s economy and development program” as the government of President Ellen Johnson Sirleaf leaves office in January.
Senator Kaipay, in his letter dated May 16, is specifically requesting that the government through the Minister provides the Senate “with an accurate account of the country’s debt portfolio (grants and loans) since the ascendency of President Sirleaf, from 2006-2017.”
According to the letter, the information must also include all programs for which the funds were negotiated and received and how much was achieved with the expanded amounts.
Of equal importance, the Senator’s letter continued, “are the name of the institutions that awarded those grants and loans and the tenures thereof.”
The Grand Bassa County lawmaker, who chairs the Senate Committee on Autonomous Commissions and Agencies, maintained that the information will enable the Legislature and the incoming government to have a sense of how to “restructure our economy in order to minimize the country’s debt burden and focus more on sustainable growth and development.”
The letter was voted upon and sent to the Committee on Ways, Means & Finance and requested to report to plenary in two weeks.
In a related Senate development, Maryland County Senator H. Dan Morias has written the Senate informing it of reports that the Ministry of Lands, Mines and Energy has approved and transferred three major mining assets between companies which were the subjects of concession agreements without references to the Legislature which ratified those agreements.
According to Senator Morias, who chairs the Senate Committee on Foreign Relations, the companies concerned include Mineral Development Agreement of AmLib United Minerals to MNG Gold Mining Company; Mineral Development Agreement of BHP Billiton to Cavalla Resources; and the takeover of the Aureus Mining Gold Mine, which was a subject of a Mineral Development Agreement by MNG Gold Mining Company.
“I suggest that plenary mandates the Senate Committees on Lands, Mines and Energy, Concessions and Judiciary to probe this matter, establish the veracity of the facts and recommend an appropriate action,” Senator Morias’ letter dated May 16, concluded.
The letter was sent to the Committees on Lands, Mines and Energy, Concessions, and Judiciary to report in two weeks.