[bsa_pro_ad_space id=1]

GeneralLiberia news

House ratifies $6.7M for Covid response

The House of Representatives has ratified the second additional financing for Liberia’s COVID-19 Emergency Preparation and Response Project between the Republic of Liberia and the International Development Association (IDA) with an objective to prepare and respond to the COVID-19 pandemic in Liberia.

The Plenary took the decision followed a report from the Joint Committee on Ways, Means, Finance & Development Planning, and Judiciary respectively, on the Financing Agreement signed on 4 July 2022.

Under the agreement, the IDA agreed to extend to the Republic of Liberia a Grant and a Credit which are deemed as Concessional Financing in the following amounts: 4,600,000.00 million (Grant Special Drawing Rights) and 2,100,000.00 Million (Credit Special Drawing Rights), respectively.

The joint committee informed plenary that the maximum commitment charge rate are half of one percent per annum (Withdrawn Financing Rate) and service charge 3/4% of one percent (Withdrawn Credit balance) with a payment date beginning February 15 and August 15 in each year.

The joint committee said Liberia’s preparedness, readiness and response for new cases of COVID-19 is needful especially under a second additional financing project to enable the country’s health system react effectively to outbreaks of future pandemics.

The august body added that the ratification of the Financing Agreement dubbed Liberia COVID-19 Emergency Preparedness and Response Project Second Additional Financing in keeping with its objective would strengthen the framework of the Pro-Poor Agenda for Prosperity and Development (PAPD).

Meanwhile, the instrument is expected to be transmitted to the Liberian Senate for concurrence following a motion by Nimba County Representative, Joseph Somwarbi. –Press release

[bsa_pro_ad_space id=1]

[bsa_pro_ad_space id=1] [bsa_pro_ad_space id=2] [bsa_pro_ad_space id=3] [bsa_pro_ad_space id=4] [bsa_pro_ad_space id=5] [bsa_pro_ad_space id=6]


The New Dawn is Liberia’s Truly Independent Newspaper Published by Searchlight Communications Inc. Established on November 16, 2009, with its first hard copy publication on January 22, 2010. The office is located on UN Drive in Monrovia Liberia. The New Dawn is bilingual (both English & French).
Back to top button