The legality of the Framework Agreement between HPX and the Government of Liberia is under significant scrutiny due to procedural flaws and threats from HPX. The agreement lacks proper legislative approval and could impose excessive liabilities on Liberia. Legislative oversight is imperative for transparency and accountability, ensuring protection of national interests.
Recent issues surrounding the March 2022 Framework Agreement present serious legal and ethical concerns regarding HPX’s dealings with the Government of Liberia. The agreement has come under scrutiny for its procedural flaws, particularly as HPX threatens default if an Access Agreement is not signed by February 2025, potentially costing Liberia US$37 million plus interest. This sum resembles a predatory loan, necessitating ratification under Liberian law, which the agreement lacks.
Legislative oversight is crucial in addressing the legal ambiguities of the Framework Agreement and HPX’s coercive tactics. A public hearing by the National Legislature will provide the necessary scrutiny to protect Liberia’s sovereignty and legal integrity. Immediate action is essential to ensure that Liberia’s interests are defended against external pressures and that future agreements adhere to transparent governance practices.
Original Source: thenewdawnliberia.com
