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Liberia’s Finance and Development Planning Minister, Augustine Kpehe Ngafuan has revealed that the country’s economy is expected to grow by 5.8 percent in 2025, from a forecast of 5.1 percent in 2024.Minister Ngafuan made this disclosure on Tuesday, November 19, at the Ministry of Information Cultural Affairs, and Tourism’s regular press conference in Monrovia.“The Liberian economy is projected to grow by 5.8 percent in 2025, up from a forecast of 5.1 percent in 2024.”Minister Ngafuan has attributed the 2025 projections to strong performances in the mining and panning sector, with 8.5 percent, the manufacturing sector with 6.9 percent, the agriculture…

𝐏𝐑𝐄𝐒𝐈𝐃𝐄𝐍𝐓 𝐁𝐎𝐀𝐊𝐀𝐈 𝐏𝐑𝐄𝐒𝐄𝐍𝐓𝐒 𝐅𝐘 𝟐𝟎𝟐𝟓 𝐃𝐑𝐀𝐅𝐓 𝐍𝐀𝐓𝐈𝐎𝐍𝐀𝐋 𝐁𝐔𝐃𝐆𝐄𝐓 𝐓𝐎 𝐓𝐇𝐄 𝐍𝐀𝐓𝐈𝐎𝐍𝐀𝐋 𝐋𝐄𝐆𝐈𝐒𝐋𝐀𝐓𝐔𝐑𝐄 (𝐂𝐚𝐩𝐢𝐭𝐨𝐥 𝐇𝐢𝐥𝐥, 𝐌𝐨𝐧𝐫𝐨𝐯𝐢𝐚, 𝐍𝐨𝐯𝐞𝐦𝐛𝐞𝐫 𝟏𝟖, 𝟐𝟎𝟐𝟒): His Excellency President Joseph Nyuma Boakai, Sr. earlier today, presented the Fiscal Year 2025 Draft National Budget to the National Legislature in the amount of US US$851.8 Million (comprising Core Revenue of US$833 Million and Contingent Revenue of US$18.8 Million) to the Presiding Officer of the House of Representatives through the Chief Clerk.The draft national budget for 2025 represents 15.3% increase over the 2024 Recast Budget total appropriation of US$738.9 million. The draft budget captures appropriations aimed at delivering on key priorities…

Huajiang Grand Canyon Bridge in Guizhou province completed its first steel truss lift on Monday, marking a major step toward next year’s scheduled opening.Towering 625 meters above the Beipan River, the 2,890-meter-long bridge is part of a regional expressway project. Construction began in 2022. Upon completion in 2025, it will set a new record as the world’s tallest bridge.The 215-ton truss lifted on Monday will be the primary support for the concrete deck. It is one of 93 truss segments, weighing more than 21,000 tons, that will form the bridge’s main structure.Considering such a high weight, engineers deployed the world’s…

China is set to play host again with a significant mission: to unite Asia-Pacific economies to champion open economic and trade cooperation while rejecting protectionist and confrontational trade tactics.LIMA, Nov. 17 (Xinhua) — Chinese President Xi Jinping announced on Saturday that China will host the 2026 Asia-Pacific Economic Cooperation (APEC) summit, and is ready to work with all parties to deepen Asia-Pacific cooperation.He made the remarks when addressing the 31st APEC Economic Leaders’ Meeting held in the Peruvian capital. Under this year’s theme of Empower, Include, Grow, APEC members agreed to work towards an open, dynamic, resilient and peaceful Asia-Pacific…

BANGKOK, Nov. 14 (Xinhua) — As the second-largest economy globally, China has played a vital role in promoting sustainable development and shared prosperity among Asia-Pacific Economic Cooperation (APEC) economies and beyond, said Kasemsit Pathomsak, vice chairman of the Thai Chamber of Commerce and the Board of Trade of Thailand.Navigating a difficult global landscape, China has remained committed to its regional development goals, focusing on the integration of sustainable technologies and digital advancements, Kasemsit, a member of the APEC Business Advisory Council (ABAC), said in a recent exclusive interview with Xinhua.”China has been a very dedicated and consistent player in whatever…

BEIJING, Nov. 14 (Xinhua) — Chinese President Xi Jinping is set to attend the 31st APEC Economic Leaders’ Meeting in Lima, Peru, where leaders from across the Asia-Pacific will convene to chart strategies for shaping the region’s future.APEC gatherings, renowned for blending economic discussions with cultural exchanges, often feature leaders donning local attire for the iconic “family photo.” This no-tie tradition is seen as a way to cut down on the formality that high-level meetings usually involve.In these meetings, Xi’s remarks showcase not only his eloquence but also his wit, vividly conveying his vision for Asia-Pacific cooperation. Over the years,…

President Xi Jinping meets with US President Joe Biden in Lima, Peru, on Saturday. FENG YONGBIN/CHINA DAILYCharting a smooth transition of China-US ties, taking stock of the policy legacy and underlining Beijing’s policy consistency were highlights of the third summit between President Xi Jinping and United States President Joe Biden, observers said.Prior to their meeting on Saturday in Lima, Peru, Xi and Biden had met face-to-face in Bali, Indonesia, in 2022 and in San Francisco last year.On Saturday, Beijing and Washington agreed to “continue to stabilize China-US relations, and ensure a smooth transition of the relationship”, the Foreign Ministry said.Both…

By: S.Y. Kokolee The United States Agency for International Development, also known as USAID, and the Government of Liberia, represented by the Ministry of Finance and Development Planning, signed the $114 million Development Objectives Agreement (DOAG) on Wednesday, November 13, 2024. The agreement is a grant from the American people.The signing is based on the 14th and 15th amendments to the current DOAG, signed in May 2020 between the US Government through USAID and the Government of Liberia.In his special remarks, US Ambassador to Liberia Mark Toner said the signing is an expression of the US Government’s commitment to promote…

A Speech Delivered by China’s Ambassador to Liberia H.E. YIN Chengwu at the Seminar on “Deepen Cooperation, Work Together for Development.”Good morning.Welcome to the seminar on “Deepen Cooperation, Work Together for Development”.It is a great pleasure to meet with old and new friends and to discuss China-Liberia cooperation.Recently, President Xi Jinping and President Joseph Nyuma Boakai held a successful meeting during the Forum on China-Africa Cooperation (FOCAC). Both Presidents agreed to elevate China-Liberia relations to strategic partnership, charting the course of the bilateral relations. China and Liberia face great opportunities to deepen cooperation and seek common development.Firstly, it is the…

In a powerful address during the 2024 Kofi Annan Eminent Speakers Lecture, President Michael D. Higgins of Ireland emphasized the urgent need for global collaboration to tackle the intertwined crises of climate change, mounting debt, and food insecurity in Africa.”The Global North is responsible for 92% of overshoot emissions, that is the damage caused by climate breakdown,” Higgins, declared. “Global south renewable energy is receiving 40 times less public finance than the fossil fuel sector,” he added.The hybrid event, organized by the African Development Bank Group’s African Development Institute, also featured Dr. Akinwumi A. Adesina, President of the African Development…