MONROVIA, LIBERIA-President George Weah has vetoed an act to ratify the investment incentive agreement between Liberia and FOUANI Brothers Corporation.

According to ELBC Reporter, President Weah acknowledged receipt of the bill submitted to him for approval.

The President added that after a thorough reviewed of the instrument, it was observed, among other things, that the bill did not have page thirty-one and key information surrounding confidentiality in the agreement.

President Weah cited Article 35 of the Liberian Constitution as reliance, while calling for a full completion of the bill.

Meanwhile, the document has been forwarded to the Committees on Judiciary and Investment for further review.

In another development, President George Weah has submitted to the House of Representatives for ratification, Article of Agreement of the Asian Infrastructure Investment Bank.

According to ELBC Reporter, the Asian Infrastructure Investment Bank was established as a multilateral financial institution, with focus on economic development, wealth creation and infrastructure advancement among member countries.

In a communication to the body Tuesday, August 18,2020, President Weah told Plenary that in early April and May this year, Liberia expressed interest and applied to be a member of the bank and was granted membership in July, 2020.

The Liberian Leader also believes that the ratification of the agreement will impact the infrastructure and other productive sectors.

Our Reporter said the instrument has been forwarded to the Committees on Ways and Means, Investment and Judiciary to report within one week.


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