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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

 

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