The Government of Liberia through the Ministry of Finance and Development Planning (MFDP) is expected to infuse the amount of US$4 million in the economy by giving out loans to over 3000 local (indigenous) Micro, Small and Medium Enterprises (MSMEs). The fund, which was secured from the World Bank, is aimed at beefing up the financial portfolio and entrepreneurial capacity of local business people. Tweah identified MSMEs as the bedrock to resuscitate the ailing Liberia economy and is designing several national programs to support small business initiatives. It can be recalled that, the MFDP last week begin a week-long training for MSMEs entrepreneurs who are earmarked to benefit from the loan scheme. The project intends to amalgamate banking institutions, government development partners, and business owners to discuss obstacles and opportunities in helping MSMEs to gain access to domestic financing.

Source: Daily Observer March 27, 2019 02:30 UTC