President George Manneh Weah has appointed a Steering Committee (SC) of Special Economic Zone (SEZ) with immediate effect to ensure the establishment of the SEZ in Liberia beginning with the Buchanan Site.
According to an Executive Mansion release issued Monday, 8 April, the team is tasked to create, drive, guide, enhance, coordinate and manage single, multiple and mixed-use Special Economic Zones in Liberia.
This new presidential action comes in the wake of the economic challenges that continue to confront Liberians in the second year of the new government of President Weah.
The special economic team comprises of key state institutions and major international development partners like the United States International Development Agency (USAID).
Liberia is facing some serious economic woes, with prices rising continuously while the value of the local currency LRD drastically depreciates.
The Steering Committee consists of the Minister of Finance and Development Planning (MFDP), Chair; Minister of Commerce and Industry (MOCI), Member; Minister of State Without Portfolio (MOS), Member; and Minister of Agriculture (MOA), Member.
Others on the team include Commissioner-General of the Liberia Revenue Authority (LRA), Member; Chairman of the Liberia Land Authority, Member; Managing Director of the Environmental Protection Agency (EPA), Member; Executive Director of the National Port Authority (NPA), Member; and Chairman of the National Investment Commission (NIC), Member.
Private Sector and Development Partners nominated include the President of the Liberia Chamber of Commerce (LCC), Member; President of the Liberia Business Association (LIBA), Member; Country Manager of the African Development Bank (AfDB), Member; Resident Representative of the International Finance Corporation (IFC), Member and Country Director of the United States Agency for International Development (USAID), Member.–Press release