Press "Enter" to skip to content

VP Taylor Signs Loan Agreements

By Jackson C. Clay, Jr.

Liberia’s Vice President Jewel Howard Taylor has officially signed the two loan agreements recently ratified by both the House of Representatives and the Liberian Senate.

In a brief remark during the signing ceremony Tuesday, June 12, 2018 at her Capitol Building office in Monrovia, Vice President Taylor said Liberia is on the verge of great transformation.

“Liberia is on the verge of great transformation. We as a people have long yearned for our lives and repositioning our country to an enviable place in the comity of nations,” VP Taylor said.

VP Taylor asserted that the lack of basic infrastructure, particularly road networks, has inhibited the forward march of Liberia in a large measure for more than 170 years.

Vice President Taylor indicated that leading this change of the country’s history, President George Waeh has placed before the House of Representatives and the Liberian Senate two proposed loan agreements for the securing of much needed funds in order to tackle what she calls the country’s ‘dilemma.’

 

She believes these loan agreements have the ability and potential to greatly and positively impact the lives of the Liberian people in all sectors.

“Before me here today are two agreements duly ratified by the legislature. It is a pleasing duty and great honor for me today as Vice President of this Republic and President of the Liberian Senate, in accordance with article 51of the 1986 constitution, to affix my signature to these history documents which have the greatest potential to positively impact the live of the Liberian people in all sectors,” Vice President Taylor noted.

Recently both the House of Representatives and the Liberian Senate ratified two separate loan agreements in the tone of nine hundred, sixty-two million United States dollars.

These loans are intended to for the rehabilitation, construction and pavement of roads in the country and were signed between the Government of Liberia, ETON financing PTE and the EBOMAF SA.

Meanwhile, many Liberians have criticized these two instruments on ground that they do not meet the standards of best international practices around the world.

Comments are closed.