Liberia’s new President George Weah has ordered a review of concessions
entered into by previous administrations, the presidency said in a
statement on Wednesday.
The statement said a committee would “review and ensure that
all contracts entered into by the government of Liberia and
concessionaires are executed according to agreed principles in
accordance with the laws of Liberia.”
The nine-member panel will also determine if the
government’s partners in those agreements had been fully implemented and
met their performance requirements.
During the 12-year rule of Weah’s predecessor, Ellen Johnson
Sirleaf, the government attracted around $15 billion in foreign
investment, according to a finance ministry report.
However, the nation has been criticized by
watchdog groups for signing away much of its public land to logging,
palm oil and natural rubber companies.
Sirleaf’s government sought to develop iron ore deposits and the offshore oil sector.
Reporting by Alphonso Toweh; Writing by Joe Bavier; Editing by Sandra Maler and Cynthia Osterman
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