Following a careful review and assessment of President Ellen Johnson Sirleaf’s “Delivery Unit Priority Projects” and the nation’s prevailing ‘economic performance cum update’ on current fiscal position of the administration, the Liberian Cabinet has made a number of determination in the best interest of the nation and its people.
An Executive Mansion release said, the Cabinet directed that the President’s Delivery Unit (PDU) within the Office of the President scrupulously and assertively collaborate with the appropriate and relevant stakeholders to ensure all priority projects, especially those earmarked and covered under energy, infrastructure and water and sewer sectors, are not only seen to be time-bound, but realistic fulfillments on the watch of President Sirleaf during the lifespan of her administration.
The cabinet also mandated the PDU to bring the Cabinet up to speed on the systematic developmental progression of all priority projects currently ongoing, as well as those to commence shortly, lauding the Minister of Finance and Development Planning for a candid appraisal of the government’s economic performance scorecard, coupled with a factual update the country’s present fiscal position and recommendations on tenable austerity measures occasioned by risks in critical sectors.
Towards an economically sound risk mitigation strategy, according to the Executive Mansion, it endorsed the proposal of the Ministry of Finance and Development in light of its cogency targeted at ‘deficit financing, prospect constraint by current debt limit, which will be conditioned by austerity tilted at social development commitments, fixed capital as well as goods and services with the overall rationale to maintain macroeconomic stability.
Meanwhile, in the wake of the Netherlands Development Forum, President Sirleaf has seconded Vice President Joseph Boakai to represent her as head of a high-powered Liberian delegation.
The Forum – organized at the behest of the Netherlands Foreign Ministry for Trade and Cooperation, brings together over 300 investors from Europe, Asia and Africa with the aim of exploring investment opportunities in Liberia, Guinea and Sierra Leone.
President Sirleaf has instructed all Sector Ministers, who are part of the delegation, to work along the National Investment Commission (NIC) to ensure a coordinated and saleable representation of the country.-Press release