The Liberian Senate yesterday, November 9, 2021 instructed its Joint Committee on Ways, Means Finance, and Public Account to cite Finance and Development Planning Minister, Samuel Tweah to provide all debts contracted under former President Ellen Johnson Sirleaf and President George Weah.
Plenary of the Senate mandated Committee to seek all financial and other economic information from Minister Tweah on all debts portfolio for said period.
Plenary’s decision was triggered by Montserrado County Senator Abraham Darious Dillon’s communication read in session in which he craved his colleagues on said decision.
According to the communication, Dillon believes that by seeking and receiving such information on the debt portfolio for the said period, the Senate will be more apprised on the country’s total debt portfolio and how such commitments can be financed with the assistance and action of the Senate.
“Besides, this will also afford the Senate to seek from the Minister of Finance and Development Planning the status of all projects being financed by acquired loans and the Economic rates of returns depicting the economic benefits of those projects in improving the lives of our people across the country,” Dillon’s letter read in session noted.
Adding, “In my request, the Senate should have been informed about the payback condition of loans, including all non-conventional loans and have access to the possible variations in the debt contract and or secure the loans.” However, the Committee is expected to report to plenary session of the Liberian Senate within two weeks and thereafter be followed by legislative action.