Monrovia – The World Bank has provided its first development support to the new Government of Liberia headed by His Excellency President George M. Weah with the signing of an IDA Grant Agreement amounting to US$ 24.7million between the Bank and the Liberian Government. Finance and Development Planning Minister Samuel D. Tweah signed on behalf of the Government of Liberia, while World Bank’s Group Country Director for Guinea, Liberia and Sierra Leone Mr. Henry G. R. Karali signed on behalf of the Bank. According to the Agreement, US $20 million is for the implementation of the Fourth Poverty Reduction Strategy, while US$4.67 is specifically intended for a Forest Landscape Single Donor Trust Fund. Speaking on behalf of Government, Minister Tweah conveyed thanks to the World Bank for its continuous support to the country and described the Bank as being among the trusted partners that Liberia has. He then assured the World Bank that every penny of the grant will be dedicated to pro-poor causes in the interest of the Liberian people

Source: Front Page Africa February 03, 2018 12:22 UTC