President George Weah has constituted a Business Climate Working Group with the mandate to explore evolving challenges and prospects of the Liberian business environment and work out helpful plans and strategies towards improvement.
The President has directed the Working Group to identify quick ‘low-hanging fruits’ in the business climate and deliver them in the shortest possible time.
President Weah has also requested the Working Group to submit a “Plan of Action” to his Office to enable him take appropriate actions that will address challenges within a reasonable period.
The biting decline in Liberia’s business environment over the last four years has come to the attention of the President and he finds it an exigent imperative to act as swiftly as possible to ameliorate the situation.
The Business Climate Group is further requested to deliver its preliminary report to the President within six weeks.
Members of the Business Climate Working Group include the Ministry of Finance and Development Planning, as Chair; Ministry of State and Presidential Affairs; the Ministry of Commerce, and Ministry of Labor.
Others include the Liberia Revenue Authority, Liberia Business Registry, Liberia Chamber of Commerce, Liberia Business Association, Representatives from the International Development Community and the National Investment Commission.
The President has directed the Chair of the Working Group, the Ministry of Finance and Development Planning, invite to participate if necessary, other institutions or individuals with expertise, if deemed fit, relevant to the goals of the Working Group.