WORLD BANK Approves 10 Million To Fight Poverty In Liberia Liberia following years of civil upheaval continues to receive several windfall opportunities from scores of international organizations as well as friendly nations in its recovery drive. One of such institution is the “International Bank for Reconstruction and Development” globally referred to as the WORLD BANK. The World Bank Board of Directors has again approved a 10 million United States Dollars IDA credit to support Liberia’s long-term strategy to strengthen government’s capacity and oversight, expand the economy, and to invest in more accessible and higher quality education. The Poverty Reduction Support Credit (PRSC) will support the implementation of Liberia’s Poverty Reduction Strategy (PRS) - Agenda for Transformation. The Agenda for Transformation is a long-term plan with the aim of transforming Liberia into a more prosperous and inclusive society, and to achieve middle-income country status by 2030. “Liberia has already made strides in reducing poverty and we are delighted to support the Government’s plans to continue this trend,” said Inguna Dobraja, World Bank Country Manager for Liberia. “The project approved will support increased government’s transparency and foster the environment to bring much needed jobs and education to the poor..” More specifically, the PRSC calls for steps to increase transparency and accountability throughout the government to reduce corruption; expand the economy by resolving land tenure issues and providing credit to farmers; and improving access to and the quality of education. “By improving access to education, land and credit for rural farmers, this project will help prepare Liberian workers, especially the youth, for productive employment,” said Errol George Graham Co-Task Team Leader for the project. “We are eager to support the Liberian Government as it implements this project,” said Raymond Muhula, Co-Task Team Leader for the project.
Posted on: Sun, 30 Jun 2013 20:41:24 +0000
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