The community development fund is the official name for the 20% county social development fund that ArcelorMittal has been authorized by the government of Liberia to disburse to communities. “The community development fund is the official name for the 20% county social development fund that ArcelorMittal has been authorized by the government of Liberia to disburse to communities. He also expressed hope that the good experience learned from managing the portion of the county social development fund will bring valuable lessons that Liberia can use. Among other things, it stipulates that ArcelorMittal contribute $3 million a year to the county social development fund for Nimba, Bong and Grand Bassa Counties. This money, which over the 25-year expected life-of-mine will total $75 million, will be used to drive community development projects that will uplift and improve the lives of local people.

Source: Front Page Africa August 20, 2020 04:52 UTC