Liberia: Finance Minister Seeks Loan in China
As deterrence to developers using this to their advantage to force negotiation, the FM has suggested there should be provision of a “penalty” on those seeking this relief. Premium is an annual upfront payment that the developers make to NHAI. In the last three years, NHAI has awarded 44 projects with premium totaling around Rs 3,750 crore. Work on only 13 of these projects has started, meaning NHAI has not yet started getting around Rs 3,000 crore promised annual premium.
The delegation is expected to meet with senior officials of China Export-Import (Exim) Bank and the India’s Ministry of Finance to discuss the possibilities of securing loan to finance infrastructure projects in Liberia. Those forming part of the Government delegation include the Ministry of Justice, National Investment Commission, House of Representative, the Liberian Senate, and the Ministry of Public Works. A Finance Ministry release said some of the projects high on the agenda for financing with proceeds from the loan include the Gbarnga-Mendicoma highway; the Ganta -Zwedru highway; the transmission and distribution lines in Monrovia; the Roberts International Airport, among others. The release said government was doing everything possible to ensure that it secures the resources needed to finance Liberia’s infrastructure development which is inarguably a constraint to economic growth and expansion.
Serbia may hire McKinsey consultant as finance minister -source
Mladjan Dinkic was fired, along with at least three other ministers, to avert a snap election. Serbian Prime Minister Ivica Dacic had threatened to bring down the coalition government unless Dinkic was replaced and his small United Regions party ejected from the alliance. Serbian Yale graduate Lazar Krstic, who is about 30, met Serbian deputy Prime Minister Aleksandar Vucic in Belgrade on Monday, the source said, and Serbian daily Blic said talks would continue over the next few days and that an agreement was near. “Everything points to an agreement and we expect the public will be officially informed in the coming days,” Blic said.