Unleashing Liberia’s Agricultural Revolution: President Boakai Secures $50M EIB Loan for Rice Value Chain Transformation
Liberia’s President Boakai secures $50 million EIB loan for agricultural development, focusing on rice value chain enhancement. This strategic investment aims to modernize infrastructure and achieve food self-sufficiency in post-conflict Liberia. The European Investment Bank, led by VP Vigliotti, collaborates with the Liberian government to implement sustainable farming practices. Agriculture Minister Nuetah emphasizes alignment with the National Agricultural Development Plan, prioritizing increased production and water management. This initiative, supported by FAO, will revitalize local expertise and infrastructure, positioning agriculture as a key driver of Liberia’s economic growth. The project addresses food security concerns and supports West African agricultural development. President Boakai’s efforts to leverage existing resources and the EIB’s swift action promise significant advancements in Liberian rice production and overall agricultural sector transformation.