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Kerali Expresses Optimism Over Liberia’s Economy Recovery
Date Uploaded: Aug 14, 2016

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Kerali Expresses Optimism Over Liberia’s Economy Recovery 

By Ballah M. Kollie, LINA

MONROVIA, Aug 12 (LINA) – The World Bank’s Country Director for Liberia, Ghana and Sierra Leone, Dr. Henry Kerali, has said though Liberia's post-Ebola economic recovery is moving at a slow pace, there are indications that Liberia will recover fast ahead of her neighbors.

Dr. Kerali stressed the need for government to create the enabling environment for the smooth operation of the private sector by ensuring the construction of roads, providing electricity, safe drinking water, and adequate health care.

He also among other things outlined Agriculture, Forestry and Fishery as key areas of opportunity that the bank can support for the improvement of the country’s economy.

The World Bank official made the comment when he addressed students of the University of Liberia Undergraduate Honors Scholarship Program in the auditorium of the University of Liberia in Monrovia on Friday.

Speaking on "Youth Innovation and Entrepreneurship," the World Bank official challenged the students challenged students to be innovative in creating jobs for themselves to evaluate themselves to know what they want to become after graduation.

He called on them to venture into the private sector to earn decent living and even own and manage their own businesses as employers instead of depending on concessions and government for employment, describing the private sector as the engine for the transformation of Liberia’s economy.

He then expressed the Bank’s willingness to support economic development through loans and other forms of financial support.

Speaking on behalf of the UL Administration, the Vice President for Student Affairs, Dr. Sawolo Nelson, lauded the WB engagement with students, but stressed the need for the inclusion of more students in the program.

The University of Liberia "Undergraduate Honors Scholarship Program" was founded in 2011 by UL President Dr. Emmett A. Dennis with the vision to create an environment of academic excellence for students at the state-run university.

Since its establishment, the program has produced 233 scholars with a current enrollment of 85 students, which is the highest so far.

LINA BMK/PSN/TSS

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