Govt Gets US$50m Export Credit Facility for investment

Tangier, Morocco –The Government of Hungary has approved a US$50m Export Credit Facility for undertaking investment ventures as well as providing scholarships for the young people in Liberia.

The announcement was made by the Country’s Foreign Minister, Peter Szijjarto on the margins of the MEDays International Peace Forum in Tangier.

Minister Peter Szijjarto also expressed his Country’s interest in investing in the Liberian health and education sectors. According to him, Hungary is awarding additional 15 scholarships to Liberia thus increasing it to 25 annually.

The Hungarian Foreign Minister thanked Dr. Weah and the Liberians for the enhanced relations between Liberia and his country.

President Weah thanked Ambassador Szijjarto for the interest and commitment expressed by the Government and people of Hungary to assist Liberia and improve the diplomatic relationship subsisting between the two countries to nobler heights.

The Liberian Leader said investment and trade by Hungarian investors in the areas of agriculture, medium-scale manufacturing, green power production, mining, and oil and gas were welcomed.

He also called for further cooperation in the areas of youth development and construction of community sports facilities which are essential and will go a long way in harnessing the already stronger relations between the two countries.

President Weah has been in the Moroccan City of Tangier attending the 14th Edition of the MEDays Forum in Tangier, Kingdom of Morocco, at the invitation of the King of Morocco, King Mohamed VI.

The 14th Edition of the MEDays Forum brings together over 5000 participants, including world leaders, creating an opportunity to discuss the main geopolitical, economic and social issues facing the planet, including the war in Ukraine, conflicts and instability in Africa, tensions in the Indo-Pacific, food and energy crises, inflation, and climate change.