Sunday, September 7, 2008

Denmark Cancels US$30M Liberia’s Debt

[caption id="" align="alignleft" width="200" caption="President Sirleaf in discussion with Danish Envoy, Madam Ulla Tornaes"]President Sirleaf in discussion with Danish Envoy, Madam Ulla Tornaes[/caption]

The Governments of Liberia and Denmark have signed a bilateral agreement on debt cancellation, clearing the way for the cancellation of more than US$30 million in bilateral debt Liberia owes Denmark.

The two countries have also signed a Memorandum of Understanding on Danish support to the Government of Liberia and the United Nations Joint Program on Food and Nutrition.

The visiting Minister for Development of the Kingdom of Denmark, Madam Ulla Tornaes, signed on behalf of her country while the Deputy Finance Minister for Administration Tarnue Mawolo and Acting Foreign Minister, Ambassador William Bull signed for the Government of Liberia.

An Executive Mansion release says the Danish delegation is in Liberia on a fact-finding mission to identify activities and programs relevant for promoting gender equality and women economic empowerment in Liberia.

Earlier during a meeting between President Ellen Johnson-Sirleaf and members of the Danish delegation, the President welcomed Denmark’s support toward the reconstruction and development of Liberia.

She recalled Denmark’s support for the peacekeeping efforts in Liberia through the United Nations as well as its support for the educational and other development programs of Liberia.

Denmark is currently providing scholarships for the education of the girl child through the Association of Female Lawyers of Liberia (AFELL).

The President briefed the delegation on government’s development programs and spoke of the progress in several areas of national development but acknowledged several challenges in government’s efforts to meet the needs of the people.

The Liberian leader commended Denmark for the partnership between the two countries, with Liberia being selected by Denmark as a pilot country for the implementation of Millennium Development Goals (MDG-3).

Denmark recently announced a US$22 million financial package to Liberia’s initiatives aimed at gender equality and women empowerment, under the framework of the Millennium Development Goals.

The Danish Development Minister lauded the President for the progress taking place in Liberia and assured the President that her country will continue to support the development initiatives of Liberia.


1 comment:

  1. I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog.

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