MONROVIA, LIBERIA-The House of Representatives has instructed its Committee on Ways, Means and Finance and Judiciary to review two loan agreements intended to finance part of Liberia’s 2026 budget deficit.

Plenary decided a communication submitted by President Joseph Boakai on Tuesday, July 7, 2026.

The loan agreements involve the African Development Fund and the African Development Bank acting as administrators of the Transition Support Facility.

President Boakai said, “The initiative will support fiscal sustainability and enhance Liberia’s economic recovery agenda”.

The President said the program will further improve mineral governance, promote gender inclusion, and enhance climate resilience for the country.

According to the communication, the Fund has agreed to extend a loan not exceeding twelve million one hundred and ten thousand units of account to Liberia.

At the same time, the House has passed a bill seeking to establish the Karnplay Vocational and Technical Training Institute.

Plenary decided following a report from its Committee on Education and Public Administration.

The creation of the institute, according to the Committee, will build the capacity of the youths in TVET education.

The proponent of the bill, Nimba County District Three Representative, Nekeh Gaye, described the passage as the beginning of a new chapter for Karnplay and surrounding communities.

Representative Gaye said the institute will end the long-standing challenge faced by young people who travel long distances to acquire technical and vocational skills.

Meanwhile, Representative Nekeh Gaye is calling on the Liberian Senate to act on the instrument.