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NaFAA Somersaults on WB Support Claims

first_imgMeeting at the World Bank Headquarters in Washington DC, (R-L): Berengere Prince (Senior Resource Economist And Regional Task Team Leader for WARFP, Jingjie Chu Senior Natural Resource Economist and WARFP TTL for Liberia, Ghana and Sierra Leone), Abratha Doe, (Deputy Ambassador to Washington DC), Emma Metieh-Glassco (Director General of NaFAA), Ms. Diarietou Gaye (Director Strategy and Operations Africa Region), Beatrix Allah-Mensah (Senior Operations Officer).Says press statement contained misrepresentationsIn the wake of a March 21 2019, press statement from the National Fisheries and Aquaculture Authority (NaFAA), declaring that a US$21 million fisheries project for Liberia was underway with sponsorship from the World Bank, the World Bank has since, on March 25, 2019 issued a Press statement rebutting the report.The NaFAA press statement had disclosed that following what it called fruitful discussions with the World Bank, its Director-General, Emma Metieh Glassgow, was able to secure an agreement for the construction of a modern state-of-the-art fishing and processing facility as well as the establishment of landing jetties in five coastal counties.But this assertion was almost immediately countered by the World Bank which issued a statement debunking such claims, stressing that a new fishing project for Liberia will be determined only after the Bank’s Director for Regional Integration comes on board.The Bank also said a strategic decision will be made to fit the country’s priority needs and was as such setting the record straight that no decision has been made to that effect.But in an abrupt about-turn, the NaFAA yesterday issued a statement acknowledging that the World Bank did not make any funding commitments for the new project. It clarified that its previous press statement contained a misrepresentation of facts surrounding its Director-General’s meeting with the World Bank, adding that administrative action has already been taken to remedy the situation.The NaFAA further clarified that it was fully aware of ongoing administrative and structural changes at the Bank which has occasioned a temporary pause on all new project activities but it remains hopeful that in time due consideration will be given to support NaFAA’s priority interventions for sustainable development of the fisheries sector.Meanwhile, the NaFAA has said it takes pride in the commendations emanating from the World Bank’s Directors for what it has achieved over the period, and it remains committed to the sustainable management of Liberia’s fisheries resources towards the overall achievement of the government’s Pro-poor Agenda for Prosperity and Development.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Housing prices at new high

first_imgVAN NUYS – Home prices in the San Fernando Valley remained at record levels during November even as sales fell from last year’s strong pace, a Realtors group said Friday. Last month, the median price for a previously owned home hit the $600,000 mark for the third time this year, jumping 21.2 percent, or $105,000, from a year ago and unchanged from October, said the Van Nuys-based Southland Regional Association of Realtors. The condominium median, the point at which half the units cost more and half less, soared 29 percent, or $88,500, to a record $393,500. These continued strong price gains are surprising since local market watchers anticipated single-digit annual appreciation rates to settle in this fall, said association President Jim Ezell. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBlues bury Kings early with four first-period goals That’s still the expectation. “I think we’re already heading for a market where we’re not going to see that strong of appreciation. It should be single digits by next year and that’s good for the entire market,” he said. Sales are off last year’s pace, something that’s not unusual for this time of year. During November, 972 properties changed hands, 10.5 percent fewer than a year ago, slipping 2.6 percent from October. There were 361 condo sales, down an annual 15.7 percent but just one fewer than October. At November’s end, the association had 4,141 properties for sale, up an annual 17.9 percent. That’s about a 3.1 percent supply at the current sales pace and a big improvement from summer’s scant supply. But it’s less than half the number considered necessary for a balanced market. Ezell notes that demand remains strong enough to keep the market from fading. “Waiting in the hope that prices might fall appears to be very foolish simply because that does not appear to be likely,” he said. That stance could mean that shoppers will end up paying 5 percent to 15 percent more than if they bought now, Ezell pointed out. John Karevoll, an analyst at DataQuick Information Systems, said the Valley market reflected all of Los Angeles County in November. And not much change is likely. “We definitely think the market has strength in it and we’ve got a few months ahead of us of strong sales and appreciation,” he said. Gregory J. Wilcox, (818) 713-3743 greg.wilcox@dailynews.com 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more