Vice President Jewel Howard Taylor yesterday signed two loan agreements recently ratified by the Legislature; the US$536.4 million Eton PLT Finance, and the US$420.8 million EBOMAF S. A. loan Agreement. They are before President George Weah for his signature and for printing into handbill.
The signing ceremony performed in the offices of the Vice President in the Capitol Building was earlier signed by the secretary of the Senate, J. Nanborlor F. Singbeh in accordance with Article 51 of the Constitution.
In a brief statement to reporters, VP Taylor, praised the “farsightedness and patriotism of the lawmakers, who without any inducement decided to put the welfare of fellow Liberians first and foremost.”
“And based on that confidence reposed in the President, “I can assure you on behalf of President Weah that not a dime will be used outside the already earmarked areas for the projects expected to be completed over the next three years; leading by example, President Weah is emphatic in his commitment to deal drastically with the slightest sign of corruption, especially with regards to the two loan agreements.”
She said the country is on the verge of “great transformation and we as a people have long yearned for the advancement of our lives and the repositioning of our country to an enviable place in the comity of nations. We all agreed that the lack of basic infrastructure, particularly road networks, has inhibited our forward march in large measure for more than 170 plus years.”
Due to the seriousness she attached to the signing of the agreements, VP Taylor informed those present at the ceremony that she was going to turn the pen she used to sign her first two most important documents to the National Archives, “because it is my historic pen, and when I am no longer Vice President, it would signify the importance of the document.”
On Tuesday, June 5, the House of Representatives passed the Eton Financing PTE loan agreement with a vote of over 40 members, and it followed a day after the Lower House conducted a public hearing in the Joint Chambers of the Legislature, considered by political commentators as a mere formality.
On Friday, June 8, the Senate during a special session concurred with the House of Representatives, but during another special session on Monday, the Senate concurred with the Lower House to ratify the EBOMAF S.A. Contract agreement, and at same time ratified the Mining Development Agreement between Hummingbird Resources(Liberia) Inc., and the Government of Liberia.