At the Forum on China-Africa Cooperation (FOCAC) in Beijing, Liberia took major strides toward its development goals with the signing of two significant agreements.
The first deal, a $100 million financing agreement, will support the development of road and infrastructure projects across the country. This funding will play a crucial role in improving Liberia’s transportation network and boosting accessibility.
In a separate agreement, Liberia secured a $3 billion Memorandum of Commitment for the construction of a large-scale oil refinery in Buchanan, Grand Bassa County. This investment is expected to enhance the nation’s economic prospects and further solidify its position in the global energy sector.
These deals are part of Liberia’s broader efforts to strengthen its infrastructure and economy. President Joseph Boakai and his team, currently in China, continue to push for additional partnerships and support, according to reports from the E-mansion Press.
Discover more from Geez Liberia
Subscribe to get the latest posts sent to your email.