MONROVIA, LIBERIA – The House of Representatives has unanimously approved two major loan agreements amounting to US$24 million, marking a crucial development in Liberia’s efforts to improve infrastructure and empower its youth. Secured from the African Development Fund, these loans aim to address key areas of national interest.
The first loan, valued at US$12 million, will support Phase IV of the Mano River Union (MRU) roads project, officially known as the Mano River Road Development and Transport Facilitation Program. This initiative seeks to enhance regional connectivity, enabling better trade and cooperation among MRU member countries.
The second loan, also worth US$12 million, is designated for the Program for Advancing Youth Entrepreneurship Investment (PAYEL). PAYEL is designed to boost youth entrepreneurship by providing critical funding and resources for young Liberians to start and expand businesses, promoting job creation and economic growth.
Both loan agreements have been forwarded to the Senate for concurrence, signaling a strong commitment from lawmakers to address Liberia’s infrastructure needs and youth unemployment.
In addition to these approvals, the House also moved to amend Title 12, Chapter 1, Part 1 of the Executive Law by creating a new subchapter titled “Presidential Transition Bill.” This amendment, which emerged from a report by the joint committee on Elections, Judiciary, Good Governance, and Executive, aims to ensure a smooth and structured transfer of power between democratically elected governments.
The Presidential Transition Bill, which was originally submitted by President Joseph Boakai and crafted by the Law Reform Commission, is designed to protect democratic principles during transitions and align Liberia with international best practices. This legislation has also been sent to the Senate for concurrence, reflecting a broader commitment to governance and stability.
Both measures highlight Liberia’s focus on long-term development and institutional strengthening.
