AFDB Praises Ngafuan's Stewardship At Finance

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Written by IP Web ??

Wednesday, 21 March 2012 18:59

The African Development Bank (AfDB) has praised Foreign Minister, Augustine Kpehe Ngafuan, for a successful stewardship while serving as Finance Minister. ? In a Ministry of Foreign Affairs? press release, AfDB?s President, Dr. Donald Kaberuka, sent a letter of congratulations expressing sincere appreciation for Ngafuan?s invaluable contribution to the consolidation of good relations between the Bank and Liberia during his (Ngafuan) tenure as Finance Minister. Liberia?s current Finance Minister, Amara Konneh, has been copied with the letter of congratulations, dated March 7, 2012, according to the release. ? Dr. Kaberuka lauded the fruitful cooperation that exists between Liberia and the Bank and commended Ngafuan for his "contribution, constant goodwill and exemplary support" to the work of the Bank. ? The AfDB President also congratulated Ngafuan for his elevation to the post of Minister of Foreign Affairs, wishing him success in his new portfolio. He then renewed the Bank?s commitment to further improve cooperation with Liberia. ? Ngafuan, in his last capacity as Finance Minister, served as Liberia?s governor on the AfDB?s Board of Governors and chairman of AfDB Constituency comprising Liberia, Ghana, Gambia, Sudan and Sierra Leone. He was among African ministers who lobbied with donors for the successful replenishment of the African Development Fund (ADF-12). ? The Foreign Ministry?s release recalled that Dr. Kaberuka addressed a letter of appreciation, dated 29, 2010, to Ngafuan as Finance Minister at the time, recognizing his (Ngafuan) contributions during meetings that helped the Bank to present case for selected areas of intervention under the ADF-12. The release quoted Dr. Kaberuka?s November 29, 2010 communication as saying to Ngafuan, "The timely and succinct intervention you made during these meetings helped the Bank present strong case for the selected and focused areas of intervention under the ADF-12." ? He further informed Ngafuan that, with his assistance, the ADF deputies agreed on a replenishment level of US$9.5 billion for three years (2011-2013). According to the African Development Bank President, the figure amounted to a 10.6 percent increase in donor contributions over the ADF-11. During the tenure of former Finance Minister Ngafuan, the AfDB took a giant step in strengthening its relationship with Liberia by opening a Country Office in Monrovia.

Last Updated on Wednesday, 21 March 2012 19:18

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