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    Home»Liberia News»VP Koung proposes investment over aid dependency 
    Liberia News

    VP Koung proposes investment over aid dependency 

    HelloLiberiaBy HelloLiberiaJune 14, 2025No Comments3 Mins Read
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    By Lincoln G. Peters 

    Liberia’s Vice President, Jeremiah Kpan Koung, has proposed that the strategic diplomatic relationship with China should develop from aid-dependency to investment-led development, particularly from uncooked materials exportation, political goodwill to industrialization, and  sustainable growth. 

    Delivering an inspiring handle on the opening of the China-Africa fourth financial and commerce expo held in Hunan Province, Changsha Metropolis, China Thursday, June 12, 2025, VP Koung mentioned that China has emerged as one in all Liberia’s most vital financial companions, contributing to main nationwide initiatives in areas similar to roads, well being, schooling, agriculture and vitality.

    Conveying President Joseph N. Boakai’s heat greetings to the gathering, VP Koung emphasizes that President Boakai acknowledges the essential nature of the discussion board and its helpful contributions in fostering sustainable financial partnerships.

    Accordingly, he added that with China’s advance capability and Liberia’s ARREST Agenda for Inclusive Growth, they’ll collectively unlock transformative partnerships in vitality, mining, infrastructure, expertise and agriculture.

    “As Liberia appears to be like forward to its imaginative and prescient of turning into a middle-income nation, our relationship with China should develop from aid-dependency to investment-led development; from uncooked materials exportation to industrialization, and from political goodwill to sustainable growth. Allow us to subsequently strengthen this bond not simply in numbers and initiatives, however in values, belief, and long-term technique”, VP Koung beneficial. 

    He additional urged that Liberia’s seize the chance to ask all Chinese language enterprise leaders and entrepreneurs to discover Liberia, not simply as a market, however as a associate for financial development and growth.

    Vice President Koung disclosed that Liberia is able to collaborate in ways in which create jobs for its folks, switch information, and obtain sustainable prosperity.

    On Thursday, June 12, 2025, the fourth China-Africa Financial and Commerce Expo opened within the central Chinese language metropolis of Changsha, highlighting the dedication of the world’s largest creating nation to strengthening ties with Africa, the continent with the biggest variety of creating nations.

    This system introduced collectively practically 4,700 Chinese language and African corporations in addition to over 30,000 members, particularly diplomats and entrepreneur underneath the theme: “China and Africa: Collectively Towards Modernization.” 

    Nonetheless, the worth of cooperation initiatives preliminarily agreed upon surpasses 11 billion U.S. {dollars}, in accordance with organizers.

    In the meantime, additional commenting, Vice President Koung mentioned that Liberia has executed a lot in recognition of China’s territorial integrity and welcomes its financial presence as a automobile for development and post-conflict restoration.

    He disclosed that in return; Liberia has continued to help China’s world positions and reaffirmed its adherence to the ONE CHINA POLICY.

    “As we collect right here at present, we affirm our dedication to strengthening the prevailing financial cooperation between our two nations: fostering higher commerce and making a extra conducive surroundings for funding. Liberia welcomes credible Chinese language traders with open arms. We’re working very arduous to make sure stability, transparency, and reforms that allow a good enterprise local weather. Liberia is wealthy in pure assets, human potential and untapped alternatives” he famous. 

    He mirrored that the discussion board is not only a possibility to echo on their collective achievements, however a second to look ahead and search avenues for broader collaboration. Modifying by Jonathan Browne





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