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

Proposed skate park could carve new ground

first_imgThe Committee is hoping to have the City donate the land so it can then go forward with building a 1,400 to 1,900 square metre skate park that would rival Dawson Creek’s 1,020 square metre park and include a washroom onsite. Green says acquiring that lot, in particular, would make the park more easily accessible and would help cut down on vandalism since it is more often patrolled by the RCMP than the current site.The park is expected to cost between $400,000 and $500,000 and he says the Committee hopes to fundraise that amount with the help of the Sport Council, which has the added ability to issue tax receipts.City Council voted in favour of working with the Committee to create an agreement for the park’s funding, location, construction, management and ownership. – Advertisement -A new and improved skate park is one step closer to breaking ground after Fort St. John City Council passed a motion, Monday, to begin discussions with a local skate park committee on acquiring a piece of City-owned land.The Fort St. John Skate Park Committee made a presentation to Council on its proposal to create a new skate park that would not only rival the one in Dawson Creek, but provide space for participants of all skill levels.Although the current park near the Kids Arena was only built in 2001, Clinton Green, a Committee representative, says the park has suffered the effects of time and vandalism and is in desperate need of a facelift. Green says the current space is poorly designed, doesn’t provide a challenge for more experienced skate boarders and bikers and has a lack of adequate space for the number of interested users.The Committee, which includes local skate boarders, bikers, parents and community supporters, has teamed up with the Fort St. John and District Sport Council. They say the project would instil a sense of community pride, enhance the community’s reputation and encourage more physical activity.Green told councillors that the Committee is hoping to acquire City-owned land at 93 Ave. and 93 St. for the project. It then hopes to hire New Line Skateparks Inc., to construct the multifaceted park, which he says would create an improved space for skateboarders and bikers to enhance their skills and could even benefit tourism to the city.Advertisement Photo: Clinton Green, Ann Green (middle) and Connie Richter made a presentation to City Council, Monday, proposing a new skate park incorporating areas for people of all skill levels./Kimberley Molinalast_img read more