Rubber Development Fund Incorporated (RDFI) Act of 2014.

This Act, comprising 17 articles, establishes the Rubber Development Fund Incorporated (section 4) with the aim of fostering the development and modernization of the Liberian rubber industry across all facets, including capacity building and the manufacturing of rubber-based products. Its overarching goal is to enhance the performance and competitiveness of the Liberian rubber supply chain and value chain activities. The Fund's main functions encompass various aspects aimed at bolstering the rubber sector in Liberia. These include supporting the sector's development through national programs for rubber farmers, implementing action plans derived from the validated Liberia Rubber Development Master Plan, and promoting fair and transparent trade practices, especially for smallholder rubber. Additionally, the Fund facilitates the provision of technical and advisory services to boost productivity and competitiveness, establishes a network of rubber nurseries to ensure quality standards, and advises the Government on policy, strategy, and regulatory matters pertinent to the rubber industry's development. Furthermore, the Fund engages in negotiating with international organizations for technical assistance and funding, delivering grants and subsidies to micro-farmers based on performance, and arranging long-term credit for members while facilitating loan repayment. It finances programs for re-planting, rehabilitation, and modernization of rubber farms, promotes education, training, and best practices in rubber production and processing, and encourages integrated farming and supplementary income-generating strategies. Moreover, the Fund plays a role in developing and transferring technological know-how, financing local research and development activities, disseminating information on global and local rubber industry trends, and establishing an information center while maintaining a database on rubber farms and sector performance. Additionally, it establishes linkages with relevant intergovernmental and international rubber industry organizations. The administration of the Fund falls under a Board of Directors, responsible for adopting policies and regulations, including but not limited to drafting by-laws, reviewing and approving the annual budget, and work plan of the Fund. The Act also addresses procedural and financing issues related to the Fund's management.