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    BREAKING NEWS
    African Development Bank’s 2023 African Economic Outlook Projects Africa to Become the Second-Fastest Growing Region After Asia
    AfDB President Dr. Akinwunmi Adesina has underscored the significance of Africa Restraining its Reserves and Manufacturing Lithium Batteries for Electric Vehicles to be part of the Global Electric Vehicle Revolution
    Ambassador Albert Muchanga African Union Commissioner for Trade And Industry – exhorted African Administrations to Marshal Mobile Domestic Finance by ways to carry out AU’s Agenda 2063
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    Liberia, $40 Million Certified by Lawmakers in the House of Representatives

    Posted On 21 Mar 2020
    By : New Africa Business News, Staff Correspondent
    Comment: 0

    By Abdul Rahman Bangura –

    Photo Credit: Twitter

    NEW AFRICA BUSINESS NEWS ( NABN ) Freetown, Sierra Leonne- Lawmakers in the House of Representatives in Liberia, have approved a $40 million consensus as a direct budgetary subsidy with the International Development Association (IDA) to literally fund the fiscal year 2019/2020 national budget. Anyhow, the financing agreement, the “First Inclusive Growth Development Policy Operation”, has already been endorsed between the Liberian Government, which was characterized by Finance and Development Planning Minister – Samuel Tweah and the World Bank Country which was affected by its Manager- Dr. Khwima Nthara.

    Nonetheless, in congruence with a constitutional prerequisite, President George Weah is pursuing Legislative endorsement to consummate the agreement. From President Weah’s, assertions, out of the $40 million, the first tranche of $20 million is in the form of a grant and the remaining $20 million as IDA concessional credit terms.

    “This budget support is important as it will help the government restores the financing gap in the national budget 2019/2020. I trust, the legislature will uphold this agreement to succeed sustainable poverty reduction,” President Weah pleaded with the legislators in his statement.

    Going forward, the House through a motion by Rep. Isaac Roland (District #3, Maryland County), suspended its rule and unanimously approved the agreement. Rep. Roland, in his motion stated: “I move, if I can be seen, coded, that the communication from President Weah, considering the reason of virtue of this communication, that the rules are suspended and the one time reading of this communication be consummated and the House turns itself into a committee to pass this instrument if I can obtain a second.”

    New Africa Business News
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    On his part, Rep. Thomas Goshua (District #5, Grand Bassa County) sought challenging plenary’s ‘hasty’ decision in ratifying the agreement. House Speaker – Bhofal Chambers interceded, asserting the agreement has overstayed at the Legislature and owing the necessity of the fund to finance government’s projects in all parts of the country including Joshua’s constituency which was prudent to pass it. On this note, Rep. Goshua forsook his motion of reconsideration and Plenary’s decision was approved. And the agreement will now be greeted to the Senate for co-occurrence.

    Supposedly, the IDA’s intervention shows up in the trace of officials from b the Executive and Legislative districts indicating an immediate appropriation shortfall.

    Yet, it’s undefined if the awaited $40 million was caught in the FY 2019/2020 national budget of L$110,460,000,000 or US$526,000,000 that was passed in October 2019.

    Senior government officials including lawmakers have hailed the IDA’s intervention as a timely intervention. At the signing ceremony was Finance and Development Planning Minister – Samuel D. Tweah, exalted the World Bank Liberia Country Team, Accra-Ghana Team and staff in Washington DC for their well-coordinated approach, which led to the successful signing ceremony.

     

     

    Current Outbreak of Coronavirus (COVID-19) Disease- Coronavirus advisory information, World Health Organization & United States, Centers for Disease Control and Prevention

    Coronaviruses (CoV) are a large family of viruses that cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV). A novel coronavirus (nCoV) is a new strain that has not been previously identified in humans.

    Coronaviruses are zoonotic, meaning they are transmitted between animals and people.  Detailed investigations found that SARS-CoV was transmitted from civet cats to humans and MERS-CoV from dromedary camels to humans. Several known coronaviruses are circulating in animals that have not yet infected humans.

    Common signs of infection include respiratory symptoms, fever, cough, shortness of breath and breathing difficulties. In more severe cases, infection can cause pneumonia, severe acute respiratory syndrome, kidney failure and even death.

    Standard recommendations to prevent infection spread include regular hand washing, covering mouth and nose when coughing and sneezing, thoroughly cooking meat and eggs. Avoid close contact with anyone showing symptoms of respiratory illness such as coughing and sneezing. Source- WHO

    Websitewho.int/emergencies
    Coronavirus Q&A, World Health Organization
    Websitewho.int/news-room
    Coronavirus condition overview, World Health Organization
    Websitewho.int/health-topics
    United States, Centers for Disease Control and Prevention
    cdc.gov/coronavirus/2019-ncov 

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    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

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