According to him, key focus of the Ministry of Finance and Development Planning (MFDP) for the next 17 months under his supervision would be adding value to local commodities which will boost economic growth and development.
Addressing the senate committee on Ways Means and Finance during confirmation hearing at the capitol building in Monrovia last Tuesday, Minister-designate Kamara told Senators that the measure is important in building self-sustainable market system.
“In order to leverage investment in the energy sector, we have to continue to work in the area economic diversification with focused attention on key value chains (rubber, palm oil, cocoa, rice, cassava, and aquaculture); to build self sustaining market system and an export driven industrial policy focused on value chain addition; and to attract private investment in the tourism sector” Kamara divulged.
Kamara added that achieving all of these over the next critical 17 months will require extraordinarily robust collaboration from all stakeholders, including both houses of the National Legislature, our development partners and government ministries and agencies.
He furthered that he will build on the strong foundation laid by his predecessors, especially Amara M. Konneh, whose launch of the Economic Stabilization and Recovery Plan (ESRP) has been critical to sustaining Liberia in the wake of the Ebola epidemic.
“My focus will be on sustaining the momentum generated by the ESRP with an eye to enabling the Agenda for Transformation (AFT) meet some of the critical benchmarks before the end of 2017”, Kamara indicated.
The Agenda for Transformation or (AFT) captures the first five years of the government national vision 2030 and it includes critical investments in the infrastructure, health, education, governance, and other cross cutting areas that needs to be sustained.