- Angela Merkel, the German Chancellor, has assured President Ellen Johnson-Sirleaf that Germany will cancel its bilateral debts owed to Liberia.
Chancellor Merkel will not stop there – she has promised to put the West African country’s debt crisis on the agenda of the scheduled G-8 summit.
President Johnson-Sirleaf is currently leading a Liberian delegation on tour in Germany. The delegation had previously conducted a successful tour in the United States.
The German Chancellor is among the world leaders with the belief that time has come for the G-8 to provide solution to the war-torn country’s debt woes. Dr. Merkel told President Johnson-Sirleaf that the G-8 will ensure that Liberia gets a "little room to breathe."
German leader hailed the Africa Partnership Forum currently being held in Berlin. Such an opportunity, Dr. Merkel believed, is enough good platform that fosters partnership between Africa and Germany.
Liberia has an outstanding debt of US $3.7 billion. And according to the Liberian leader, this has hindered the country’s efforts to development in general.
President Johnson-Sirleaf briefed the German Chancellor about the economic recovery measures put in place by her government. She said these include implementation of sound fiscal policies, making good of natural resources such as rubber, forestry products and minerals.
The Liberian leader will not return home empty handed, as the German Minister of State, Germot Erler, disclosed that Germany has earmarked over 11 million Euros for the reconstruction of Liberia. This was disclosed during a meeting involving President Johnson-Sirleaf and the German Minister of State.
Under the aegis of German-African Business Association, a group of German business magnates is planning to travel to Liberia in October this year. Part of the group’s mission involves searching for business or investment opportunities in the West African country.
Last week, the CEOs of RLJ Companies and G-III Apparel Group, Robert L. Johnson and Morris Goldfarb, pumped $100,000 into the Liberian Education Trust this month, a charitable trust created to harness American support for the restoration of basic education in post-civil war Liberia.
afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.
afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.
front page
| news
| countries
| archive
| currencies
| news alerts login
| about afrol News
| contact
| advertise
| español