- Search Results
 
 
Senate To Engage Stakeholders......
Date Uploaded: Jan 21, 2016

Grand Bassa County Senator Nyonblee Lawrence

 

 

Senate To Engage Stakeholders On Economy
By Wilfred Gortor, LINA

MONROVIA, January 21 (LINA) -The Liberian Senate has resolved to engage relevant government functionaries to provide status updates and point to the way forward to prevent the nation from sinking into an imminent economic crisis.

This action by the Senate will begin after the relevant committees, including Ways, Means and Finance, Banking and Trade and Commerce, present comprehensive tools to members of the Senate to engage the relevant government functionaries on the state of the economy.

The Liberian Senate reached the decision Thursday following a debate which emanated from a communication forwarded to that body on January 12 by Grand Bassa County Senator Nyonblee Lawrence.

During the debate, some senators expressed dismay over an imminent economic crisis which needs to be tackled as soon as possible by making the necessary adjustments in the national budget as well revisiting concession agreements and making the country a suitable candidate for foreign direct investment.

Grand Cape Mount Senator Varney Sherman believes that they as policy makers must approach the people of Liberia by informing them about the economic situation as some concessionaires are shutting down while others are reducing their workforce.

For his part, Senator Oscar Cooper of Margibi County attributed the economic downturn to unfavorable trade on the global market, but called on his colleagues to take their oversight responsibility seriously by regularly informing plenary about unfolding economic issues.

Senator Cooper warned that the country could fall into austerity and that the subsequent impact will cause the nation more economic burden if swift action is not taken to address forecasts of an economic storm.
LINA WSG/JGT/TSS/PTK

 

latest headlines
Judge Kaba Reserves Ruling In E.J. Roye Building Case
Judge Yussuf D. Kaba of the Civil Law Court has reserved ruling in a motion for Declaratory Judgment filed by some individuals calling themselves ...more
CENTAL Raises Eyebrow About Political Parties Spending
The Center for Transparency and Accountability in Liberia (CENTAL) has expressed concern over the expenditure of political parties on fleets of n ...more
LTA, Partners End Int’l Internet Workshop
The Liberia Telecommunications Authority (LTA) and partners have ended a two-day international workshop on ICANN (the Internet Cooperation for As ...more
Liberia To Host GIABA Plenary, Ministerial Meetings
Liberia will host the Intergovernmental Action Group against Money Laundering in West Africa (GIABA) 27th Technical Commission/Plenary and 17th M ...more
GOL, Sweden Sign US$21.6m Accord On Feeder Roads In 7 Counties
The Governments of Liberia and Sweden have signed a US$21.6 million agreement to support the third phase of the Liberia-Swedish Feeder Roads Proj ...more
Defense Ministry Relaxes Camp Ramrod Eviction
The Ministry of Defense has with immediate effect put on hold its notice of eviction to inhabitants of the 72nd Camp Ramrod Barracks in Paynesvil ...more
 
All rights reserved © 2013 - 2014
Liberia News Agency