The Government of Liberia has signed a new Economic Cooperation Agreement with the European Union (EU), under the theme: “Moving Liberia Forward.”

The signing of the new Economic Cooperation Agreement is a direct dividend of President George Weah’s trip to the European Union to participate in this year’s European Development Days (EDD) Summit.

According to a dispatch, in keeping with the Agreement, the EU has given an initial 27 million Euros as direct budgetary support for the 2018/2019 fiscal year.

The Agreement notes that the funds will be made available within the shortest possible time as of the signing date.

According to the dispatch, it is the first of many contributions to be made to Liberia under the “Moving Liberia Forward Europe-Liberia Partnership Agreement”.

Liberia’s Finance and Development Planning Minister Samuel D. Tweah signed on behalf of the Government of Liberia, while the EU Commissioner for International Cooperation and Development, Neven Mimica, signed on behalf of the European Union.

In remarks at the signing ceremony, President Weah assured the European Union and other international partners that every dime invested in Liberia will be accounted for and that projects will be delivered for the benefit of the Liberian people.

The EU is one of Liberia’s dependable partners that have over the years made enormous contributions towards peace, security and the overall development and reconstruction of the country.

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