Monrovia, Liberia – The World Bank and the Liberian government have agreed to a loan of USD$65 million for the country’s Resilient Recovery Stand-Alone Development Policy Financing.
Through the two pillars of building policy foundations in particular growth-supporting and resilience-enhancing sectors and encouraging openness and accountability in the public sector, it aims to help Liberia’s efforts to foster resilient recovery.
By creating a reliable system for managing food reserve inventories, the reforms under the first pillar aim to increase inclusive growth conditions and resilience to shocks.
Samuel Tweah, Liberia’s Minister of Finance, signed on behalf of the government, while Dr. Pierre Laporte, the World Bank’s Country Director for Ghana, Liberia, and Sierra Leone, signed on behalf of the institution.
