In response to these apprehensions, certain lawmakers convinced their colleagues that refusing to ratify the financing loan agreement could have disastrous consequences for the government, potentially causing a complete collapse. Nevertheless, the government deemed this measure a necessary compromise given the pressing need for the US$65 million loan. In summary, the US$65 million financing agreement was ratified amidst considerable legislative pressure and strict conditions set by international partners, ultimately aimed at enhancing transparency and accountability within Liberia’s public sector. However, Senator Smith changed his stance a day later, stating that he now supported the loan agreement. Notably, Senator Conmany Wesseh presented an argument in favor of the loan agreement, much to the dismay of his colleagues.

Source: Front Page Africa July 05, 2023 08:43 UTC