Washington DC-The government of Liberia through the National Fisheries and Aquaculture Authority has signed a US$20 million loan and a US$240,000 complementary technical assistance grant with OPEC Fund to co-finance the Liberia Sustainable Management of Fisheries Project with the World Bank.
OPEC Fund for International Development provided the US$20 million loan and a US$240,000 complementary technical assistance grant.
Finance Minister Samuel Tweah signed on behalf of the government of Liberia while Dr. Abdulhamid Alkhalifa the Director General of OPEC signed on behalf of his organization Friday October 14, 2022 in Washington DC at the World Bank Headquarters.
Speaking earlier, the Director General of OPEC Fund said they were delighted to provide funding to Liberia sustainable Management of Fisheries Project because the project is intended to create job opportunities for coastal dwellers.
Making remarks before the signing ceremony Finance Minister Samuel Tweah described the partnership Liberia has entered into with OPEC, the World Bank group as a success of partnership and also a historic partnership.
The Director General of National Fisheries and Aquaculture Authority attributed the success of the fisheries sector to the farsightedness of president George weah who has highlighted the potential of the sector to his international counterparts thus resulting to the attraction huge fundings.