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

  • Africa embarks on infrastructure development programme
    May 11, 2012
    African heads of state have endorsed the launch of the Programme for Infrastructure Development in Africa (PIDA), a multi-billion dollar initiative that will run through until 2040. Following their 18th summit, held in the Ethiopian capital Addis Ababa, they approved the implementation of the recommendations in the study on PIDA.
    Read More
  • Preventive maintenance - preserving pavements
    February 14, 2012
    In the first article of a three-part series on preventive maintenance, Alan S. Kercher, of Kercher Engineering, highlights the value to road agencies of a properly implemented pavement preservation programme For many road agencies, the budget for maintenance, rehabilitation and reconstruction (MR&R) of their roads is focused mainly on the pavements that are in the worst condition. In the short term, this common approach may seem very logical. However, when focused on expensive structural improvements,
    Read More
  • Global pressures driving bitumen developments
    June 19, 2015
    A raft of global pressures is driving developments in the materials and equipment we use for the handling, storage and treatment of bitumen. The goal is to achieve better performance and longer life for less financial outlay, and at the same time overcome the challenges of inconsistent and varying bitumen supplies. Kristina Smith reports.
    Read More
  • Increasing quarry efficiency in Senegal
    November 2, 2022
    Every year, three million tonnes of basalt rock, from gravel to riprap, are taken from the Gécamines Quarries in Diack, Senegal, for use in public and maritime work sites. The quarry also produces around 500,000tonnes of limestone for use in cement factories and construction projects in the region – making the site essential for infrastructure development in West Africa.
    Read More

Highlighted Content