By Lincoln G. Peters
The governments of the Folks’s Republic of China, by means of its Embassy in Monrovia and Liberia, have formalized a brand new Growth Cooperation Settlement price roughly US$14 million (100 million Chinese language yuan).
In response to this settlement, China will present Liberia with 100 million RMB to implement cooperation tasks collectively agreed upon by each governments and aligned with Liberia’s nationwide improvement priorities.
The grant settlement, signed in Monrovia on Friday, January 9, 2025, on the Ministry of Overseas Affairs, underscores deepening bilateral ties and China’s continued dedication to supporting infrastructure and improvement initiatives in Liberia.
Liberia’s Minister of Overseas Affairs, Madam Sara Beysolow Nyanti, signed the settlement on behalf of the Liberian authorities, whereas Chinese language Ambassador Yin Chengwu signed for the Folks’s Republic of China.
The funding, offered as non-reimbursable grant help, can be channeled towards precedence improvement tasks aligned with Liberia’s nationwide improvement agenda, together with enhancements in public infrastructure, healthcare, training, and rural connectivity.
Following the official signing and handover of the paperwork, Chinese language Amb Yin stated that it offers him nice pleasure to signal an Settlement on the Growth Cooperation between the Authorities of the Folks’s Republic of China and the Authorities of Liberia.
In response to him, that is one other new settlement between the 2 nations within the subject of improvement cooperation, following the settlement they signed final March. He added that it’s his agency perception that signing such an vital settlement on the very starting of the brand new yr will set a constructive tone for China-Liberia relations within the yr forward.
In response to the Chinese language envoy, the signing of this settlement represents a concrete step in implementing the consensus reached by the 2 Heads of State and the outcomes of the Beijing Summit of the Discussion board on China-Africa Cooperation (FOCAC), in addition to in deepening the China-Liberia Strategic Partnership.
He mirrored that in 2024, President Xi Jinping and President Joseph Nyuma Boakai efficiently met in Beijing, elevating bilateral relations to a Strategic Partnership and opening broader prospects for the nations’ cooperation.
“Below the strategic steerage of our two Heads of State, strategic mutual belief between China and Liberia has been additional consolidated, sensible cooperation has steadily deepened, and people-to-people exchanges have grown ever nearer. Exchanges and cooperation throughout numerous fields have continued to increase, yielding fruitful outcomes. This Settlement displays China’s excessive regard for our Strategic Partnership and our sincerity in advancing China-Liberia relations. We sincerely hope that this funding will make a long-term and steady contribution to the event of Liberia.” He concluded.
Talking on behalf of the federal government and other people of Liberia, Minister Nyanti hailed the settlement as a robust reaffirmation of the enduring partnership between Liberia and China.
She, nevertheless, emphasised that the collaboration has been constructed on ideas of mutual respect, non-interference, and shared improvement aspirations.
“This grant isn’t merely a monetary contribution; it’s a vote of confidence in Liberia’s improvement trajectory. We’re dedicated to making sure transparency and accountability within the implementation of those tasks, ensuring that each greenback interprets into tangible advantages for our individuals,” she concluded.
