{"id":48182,"date":"2023-12-02T14:26:49","date_gmt":"2023-12-02T14:26:49","guid":{"rendered":"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-house-scrutinizes-us20m-financing-agreement"},"modified":"2023-12-02T14:48:50","modified_gmt":"2023-12-02T14:48:50","slug":"liberia-house-scrutinizes-us20m-financing-agreement","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-house-scrutinizes-us20m-financing-agreement","title":{"rendered":"Liberia: House Scrutinizes US$20M Financing Agreement"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Liberia. <\/strong><\/span>The House of Representatives on Thursday, mandated its committees on Investment and Agriculture to review and make report to plenary on an Integrated Fisheries Sector Strengthening Project \u2013 Financing Agreement between the OPEC Fund for International Development and the Republic of Liberia.<\/p>\n<p>Plenary\u2019s decision followed a communication from President George Weah, submitting for ratification to the House of Representatives, a bill titled: \u201cIntegrated Fisheries Sector Strengthening Project\u201d \u2013 Financing Agreement between the OPEC Fund for International Development and the Republic of Liberia.<\/p>\n<p><a name=\"bsac-13884-1531419451\"><\/a>President Weah said under the project, which was signed on October 26, 2023, the OPEC Fund approved $20,000,000 and a grant in the amount of $240,000.<\/p>\n<p>According to the Liberian Leader, the aim of the Project is to improve fisheries management while enhancing the livelihood and income of project beneficiaries.<\/p>\n<p>\u201cAs you may be aware, the OPEC Fund was facilitated by the World Bank as a co-finance to the US$40 million Liberia Sustainable Management of Fisheries Project (LSMFP) which was ratified by the Fifth Session of this 54th Legislature on December 22, 2022. However, the co-financing did not materialize due to a situation that arose between the World Bank and OPEC Fund, prompting restructuring of the loan and grant with the change of the project name and addition of new activities\u201d, he added.<\/p>\n<p>President George Weah said, the amount previously ratified by the Legislature remains the same with the same Financing Agreement, but there are changes in the start date of repayment by one year from October 15, 2027 to September 15, 2028.<\/p>\n<p>\u201cHonorable Speaker, I trust the Legislature will ratify this financing agreement which will improve fisheries management, and is critical to the implementation of our Pro-poor Agenda for Prosperity and Development\u201d, he maintained.<\/p>\n<p>Meanwhile, the communication, forwarded to the committees on Investment and Agriculture to report next week Tuesday.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/liberia\">Liberia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Liberia. The House of Representatives on Thursday, mandated its committees on Investment and Agriculture to review and make report to plenary on an Integrated Fisheries Sector Strengthening Project \u2013 Financing Agreement between the OPEC Fund for International Development and the Republic of Liberia. Plenary\u2019s decision followed a communication from President George Weah, submitting [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":48181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[233,237,234],"class_list":["post-48182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-liberia","tag-liberia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Liberia: House Scrutinizes US$20M Financing Agreement - Liberia<\/title>\n<meta name=\"description\" content=\"The House of Representatives on Thursday, mandated its committees on Investment and Agriculture to review and make repor ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-house-scrutinizes-us20m-financing-agreement\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Liberia: House Scrutinizes US$20M Financing Agreement\" \/>\n<meta property=\"og:description\" content=\"The House of Representatives on Thursday, mandated its committees on Investment and Agriculture to review and make repor ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-house-scrutinizes-us20m-financing-agreement\" \/>\n<meta property=\"og:site_name\" content=\"Liberia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-02T14:26:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-02T14:48:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2023\/12\/sm_1701515698.220447.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"642\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-house-scrutinizes-us20m-financing-agreement#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-house-scrutinizes-us20m-financing-agreement\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Liberia: House Scrutinizes US$20M Financing Agreement\",\"datePublished\":\"2023-12-02T14:26:49+00:00\",\"dateModified\":\"2023-12-02T14:48:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-house-scrutinizes-us20m-financing-agreement\"},\"wordCount\":311,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-house-scrutinizes-us20m-financing-agreement#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2023\/12\/sm_1701515698.220447.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Liberia\",\"Liberia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-house-scrutinizes-us20m-financing-agreement#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-house-scrutinizes-us20m-financing-agreement\",\"url\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/liberia-house-scrutinizes-us20m-financing-agreement\",\"name\":\"Liberia: House Scrutinizes US$20M Financing Agreement - 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