Monrovia – The Liberian People’s Party (LPP) has called on President Joseph Boakai to explain if the $714M dollars needed to pay for Liberia food projects between 2024 through 2030 is another debt to be added to Liberia’s US$2.3B dollar debts. [email protected]The LPP said while it appreciates the Boakai administration for stressing the importance of food sufficiency alongside modern and reliable infrastructure, the Unity Party-led administration should also pay attention to the consequences of excessive debts. The LPP believes the point being made here is that interest charged by the World Bank on loans given to creditor nations, including Liberia, is much too high. The LPP said it believes that a sustainable development strategy cannot rely on excessive borrowing of money. The LPP also urged the Boakai administration allocate 50% of the proceeds from all assets recovered to finance agriculture.

Source: Front Page Africa August 07, 2024 13:41 UTC