Liberia: Government to boost agriculture, projects U.S. $80 million
The Liberian Agricultural sector stands to benefit immensely from a major projection in the first three-year medium term budget which is being formulated by the Government of Liberia. Finance Minister Amara Konneh disclosed that Government has projected US$40 Million in the next fiscal budget to stimulate farmers within the agricultural sector. Minister Konneh furthered that Government has secured US$30 Million in the highly concessional loans from the International Fund for Agricultural Development to empower small-holder Farmers to enable them diversify their activities.
Minister Konneh noted that the concessional loans from the International Fund for Agricultural Development will also enable Liberian Farmers to grow crops that have both local and global demand crops such as coffee, cocoa, palm and rubber among others.
Speaking during the installation of officers of the Liberia Chambers of Commerce last Friday, Finance, the Finance Minister declared that the labor intensive activities of Liberian Farmers will automatically produce a strong export potential thereby putting Liberia on par with other stronger agriculture nations.