Liberia considers more World Bank funding amid caution

Liberia is considering a World Bank offer of a US$500 million loan for more road projects, according media reports. Information Minister Eugene Nagbe said the government is also talking to the International Monetary Fund (IMF) and the African Development Bank as part of plans to use the loan for highway construction. Nagbe reportedly said, however, that representatives of the US, China and other development partners have cautioned the government over increased borrowing for major projects. Building and
August 15, 2018 Read time: 1 min

Liberia is considering a World Bank offer of a US$500 million loan for more road projects, according media reports.

Information Minister Eugene Nagbe said the government is also talking to the 3684 International Monetary Fund (IMF) and the 1586 African Development Bank as part of plans to use the loan for highway construction.

Nagbe reportedly said, however, that representatives of the US, China and other development partners have cautioned the government over increased borrowing for major projects.

Building and maintaining roads in Liberia is fraught with major difficulties, according to many analysts, not least due to heavy rains, lack of maintenance, overloaded trucks and the long rainy season which can last up to eight months.

Finance & Funding

For more information on companies in this article

Related Content

  • Set the ALARM for repairs in England and Wales
    January 10, 2019
    More than 3,900km of roads in England and Wales will need essential maintenance within the next year, according to the annual ALARM survey* Cash-strapped local governments are reporting that the gap between the funds they received and the amount they needed for repairs and maintenance was almost €639 million. This equated to an average shortfall of €3.75 million for every authority. It would take 14 years to get local roads back into a reasonable steady state, but only if adequate funds and resources wer
    Read More
  • East Africa drives towards road tolling
    March 18, 2016
    Road tolling is increasing in East Africa as the region’s countries expand highway networks - Shem Oirere writes. The drive towards road tolling in East Africa is gaining momentum. Uganda appears to have broken ranks with its neighbours to make huge strides in achieving progress with this innovative road financing plan. Road tolling has hitherto has been held back in East Africa for lack of political goodwill and State bureaucracies. Kenyan government officials have made announcements on planned road tollin
    Read More
  • More satellites, more signals
    July 20, 2012
    Greater GPS accuracy suggests closer tolerances for surveying and machine control functions What happens in the future for GPS surveying and machine control could depend on satellite choice and signals. Right now there are around 30 satellites in orbit, largely built by the US, but by 2012 that could rise to 120 as Europe, China, India and Russia fully enter the market. A chequered history has faced the European's Galileo system. At long last, the finance appears to be in place and the European Commission a
    Read More
  • Rural Roads for Development: a chat with Dr Michael Burrow
    October 8, 2019
    For the last seven years the University of Birmingham has been organising – together with IRF (Geneva) the Rural Roads for Development course in Birmingham. The week-long course is very much a hands-on course delivered by experts from around the world on a topic of relevance to the sustainable provision of rural roads. Ahead of this year course edition which will be hosted on 9-13 September, Dr Michael Burrow from Birmingham University answered key questions about rural transport. Q: How can improved rur
    Read More

Highlighted Content