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Monrovia, Liberia: The International Monetary Fund (IMF) has completed a two-week mission to Liberia, reviewing critical issues related to the country’s Extended Credit Facility (ECF) program. The mission, which focused on assessing the progress made since the approval of the ECF in September, was marked by productive engagements between the IMF team and the Liberian government. Finance and Development Planning Minister Honorable Augustine Kpehe Ngafuan expressed satisfaction with the mission’s outcome, highlighting the fruitful discussions and long meetings that took place. “We are pleased with the productive engagement we’ve had with the IMF team. The IMF has been a steadfast…

By: Nicholas D. Nimley, Liberian JournalistLiberia has embarked on a path of reconstruction and revitalization in recent years. Essential to these efforts is the development of a solid, skilled human resource base capable of meeting the challenges of the 21st century. One of the key international partners in this endeavor is the People’s Republic of China, whose contributions to scholarships, and technical training programs have helped improve Liberia’s human capital and infrastructure development through several Chinaid projects.China’s engagement in Liberia’s education sector is a testament to its commitment to fostering a true partnership based on mutual respect and development. China…

London, United Kingdom, November 19, 2024: At the ongoing 133rd session of Council (C-133) of the International Maritime Organization (IMO), Cllr. Neto Zarzar Lighe, Sr holds consultative talks with the Minister of Marine and Blue Economy of the Federal Republic of Nigeria, Mr. Adegboyega Oyetola. During their discussion, Mr. Oyetola was delighted for the opportunity to meet the Liberian delegation, headed by the Commissioner/CEO, and requested technical support from the Republic of Liberia among other issues surrounding the Maritime sector. The Nigerian Minister of Marine and Blue Economy also expressed interest in our Maritime Academy Program and would like to…

Liberia’s delegation is participating in the 133rd Session of the International Maritime Organization – IMO Council, which commenced today at the IMO headquarters in London. Liberia Permanent Representative to the IMO Hon. Robert Wilmont Kpadeh expressed his delight in welcoming Cllr. Neto Zarzar Lighe Sr. Commissioner and CEO of the Liberia Maritime Authority, as head of the delegation. The Council is the executive organ of IMO and is responsible, under the Assembly, for supervising the work of the Organization. The Council is made up of 40 Member States, elected by the Assembly for two-year terms. The 133rd session of the…

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,…