Gov’t Provides US$1.725M Loan to Boost Rubber Industry

first_imgThe president of the Rubber Planters Association of Liberia, Wilhelmina Mulbah-SiawayThe Government through the Ministry of Finance and Development Planning (MFDP) has made a stimulus package of US$1.725 million loan, equivalent to over three million, two hundred thousand Liberian dollars, to the membership of the Rubber Planters Association of Liberia (RPAL), which is currently being processed through the Liberia Bank for Development and Investment (LBDI).The president of the Rubber Planters Association of Liberia, Wilhelmina Mulbah-Siaway, thanked the government for the loan and suggested that they should work together in maintaining the rubber industry as Liberia’s traditional cash crop commodity.Mulbah-Siaway, who spoke to journalists at a press conference in Monrovia, described the loan as a “stimulus package for struggling rubber farmers and the resuscitation of their production.”According to her, the loan will enhance the industry’s ability to intervene in the foreign exchange market, and to support stability of the exchange rate and boost the country’s economy.The loan, according to Mulbah-Siaway, will be managed by LBDI with an interest rate of eight percent due to be paid in four years.She noted that with this recent intervention and sustained support to this sector, in a relatively short period the Liberia rubber sector will be revitalized and positioned to contribute again to meaningful jobs creation, foreign exchange earnings and GOL revenues.“As the umbrella organization of all rubber farmers and plantations owners in Liberia RPAL wishes to recognize and appreciate the Government of Liberia (GOL) for its continuous support to the rubber sector of Liberia though stimulus funding during this period of sustained decline of rubber price on the global market with double negative impacts on the local market in the country,” the RPAL president said.She said the Government support is consistent with its policy developing the agriculture sector as a major engine of growth and development of the Liberian economy.Madam Mulbah-Siaway said the rubber sector is the pre-eminent provider of revenues for the Government, export earnings and jobs in the rural economy, the Government continues to support the sector by creating an enabling policy environment and initiating stimulus funding to keep the Liberian-owned rubber farms and plantations operational in these difficult times and has also reaffirmed its commitment to transitioning the sector products from sales of raw materials to value addition.She said, “We are gratified to hear President George Weah mentioned in his May 29th, 2019 address to the nation the importance of the rubber sector to the economy and the challenges farmers face to remain in production so as to continue to impact the national economy.”As the president has mentioned the importance of the rubber sector to the national economy, she hopes that the Government will continue to work with the RPAL and all stakeholders in moving the rubber sector to an economically sustainable level.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Each generation has different worries

first_imgQ uestion: I have a wonderful hardworking son. Given the nature of his work, he periodically is unemployed. What strikes me is that he is not worried. Money does not seem to be a major concern. Is this a generational difference or just a unique situation? If I were in his position, I would be a nervous wreck. I am 70 and my son, who is single, is 47. – S.L. Dear S.L.: You are not alone in reacting to such differences. Generations have their own set of expectations, perceptions, work style, comfort zones and concerns. Often referred to as Traditionalists, those in the silent generation were born between 1936 and 1945. S.L., this likely is your generation. The silents remember World War II from their childhood and stories of the Depression from their parents. They had superheroes as role models and generally expected experts to solve their problems. The majority were seeking stability. They wanted secure jobs and that led many to work for large corporations. Silents also were considered risk-averse and often chose careers in teaching and engineering. They were planners, with many planning their lives by the age of 20. As adolescents, they were considered the least rebellious and most conforming. They lived during a time of economic prosperity, low inflation and high employment. They also are the smallest generation in number. Baby boomers After the GIs returned from World War II, the birthrate exploded, producing 78 million baby boomers born between 1946 and 1964. Unlike the silent generation, baby boomers lack childhood recollections of World War II. The leading-edge baby boomers were born during a time of economic prosperity, while the trailing edge faced recession and job competition. Baby boomers were activists, leading the way for the civil rights movement, the women’s movement and antiwar protests. William Strauss and John Howe, in their classic book, “Generations” (Harper Perennial, 1992), write: They “triggered America’s most furious and violent youth upheaval in the 20th century.” They were the Woodstock generation, known for sex, drugs and rock ‘n’ roll – although a Gallup survey indicated only about half of baby boomers admit they indulged in drugs. The power of the boomers does not come from their generational identity but rather from their sheer numbers. Cheryl Russell, in her book, “The Master Trend” (Plenum Press, 1993), identifies key characteristics of baby boomers: “They did not select a mate; they mated.” They were slow to marry and didn’t necessarily commit for life. They depended on debt instead of savings, avoided civic duties and succeeded in almost everything they wanted out of life. They shocked the older generation by growing long hair, battled authority, spurned marriage and marched for peace. As the baby boomer generation matures, millions now seek meaning in life, take responsibility for others and their communities, and are redefining retirement. What does this mean in relationship to your son’s activities? Here’s one perspective: You are from the conservative silent generation, known to save for the future and value stability. Your son, born in 1960, is a trailing-edge baby boomer, possibly influenced by the norms of a competitive job market and frequent job changes. The baby boomer generation is one that was able to focus on itself with confidence. Fortunately, they did not experience hard times comparable to the GI generation, or the fear of instability experienced by the silent generation. Your influence may be outweighed by baby boomers’ strong sense of self, confidence as a free agent and knowledge that a stable, caring parent is there for them. S.L., best wishes on understanding and accepting the generational divide. And enjoy a special relationship with your son. Helen Dennis is a specialist in aging, with academic, corporate and nonprofit experience. Send her your questions and concerns in care of the Daily Breeze, 5215 Torrance Blvd., Torrance, CA 90503-4077; or fax to 310-540-7581, or e-mail to features@dailybreeze.com. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREPettersson scores another winner, Canucks beat KingsHere are characteristics of just three generations: GI generation Members of the GI generation were born before 1936 and grew up during the Depression. They knew hard times. Many started saving for retirement more than 40 years ago and today are less likely to be in debt than the average household. The GI generation found stability by becoming the largest group of young homeowners. They gave a lot and also expect, and probably demand, the best health care and Social Security possible. They are committed to doing their duty, sacrificing for the common good; a truly civic generation. Tom Brokaw, in his book, “The Greatest Generation” (Random House, 1998), refers to this group as the generation that built modern America. Silent generation last_img read more