Africa > West Africa > Liberia > Liberia: The World Bank Group Sign U.S.$ 13.2 Million Agreements

Liberia: Liberia: The World Bank Group Sign U.S.$ 13.2 Million Agreements


The World Bank Group and the Government of Liberia have signed two financing agreements totaling US$13.25, 000.00.

The agreements are geared towards providing apprenticeships to vulnerable youth in urban areas and to support agricultural transformation and price chain addition, using productive public works and community-driven development approaches particularly for youth in rural areas.

The two financing agreements are the Youth Opportunities Project in the all of US$ 10M from the International Development Association (IDA) as credit and the Emergency Monrovia Urban Sanitation (EMUS) project totaling US$3.25 as grant.

The World Bank Group was represented by Inguna Dobraja, Liberia's Country Manager, while the Government of Liberia was represented by Finance and Development Planning Minister Amara M. Konneh at the signing ceremony.

Minister Julia Duncan-Cassell of Gender, Children and Social Protection, Minister Len Eugene Nagbe of Data, Saah Charles N'Tow of Youth & Sports, inclunding Clara Doe-Mvogo of MCC and LACE Julius Selee were others who graced the occasion.

Minister Duncan-Cassell expressed delight with the signing of the agreements, adding that it will help thousands of vulnerable girls, while MCC Clara Mvogo stated that the agreement will as well enhance the collection of over 50 % of both primary and secondary waste in Monrovia and its environs.

Youth and Sports Minister Saah Charles N'Tow explained that the process leading to credit started since 2013, but its fruition has made him glad. He said the program has been designed to impact young people across the country.

According to him, the youth project targets over 15,000 young people for a period of over five years.

Minister N'Tow said the project is broken into three components and it is comprehensive in design. He said it tends to look at young people before employment, households enterprises and productive public works.

In remarks World Bank Liberia's Country Manager Inguna Dobraja said the Youth Opportunities Project will help transform the lives of Liberia's large youthful people.

Ms. Dobraja noted that the MCC EMUS project will increase access to solid waste collection in Monrovia, thus making the city a clean and healthy place to live.

Ms. Dobraja indicated that the youth project will improve access to gain generation opportunities for about 15,000 youth aged between 15 and 35 years. She said the project seeks to mitigate the impact of next shocks and will as well improve efficiency in the delivery of cash transfers to targeted households.

For his part, Minister of Finance and Development Planning Amara M. Konneh said the signing of the agreements reflects the commitment of the government in terms of raising the standard of living of its people, particularly the youth.

Minister Konneh said the youth project is geared towards helping young people become entrepreneurs at the end of the project implementation. He explained that the other component of the project ensure capacity development for the social cash transfer program implemented by the Gender ministry.

Related Articles
  • China's model of industrial zone offers valuable lessons for African development

    2018/02/19 Ethiopia has been a shining light in Africa for the completed decade with its impressive annual GDP increase rate of nearly 11 %. Seyoum Mesfin, Ethiopia's Ambassador to China, said that his country is drawing significant lessons, such as investment -driven development, establishment of appropriate economic zones and attracting investment , from the ways in which China has completed its globally recognized economic miracle. "[The fact that] additional than 600 million people have been lifted out of poverty in over 30 years is enough to prove the success of China's development model. It is a good example for us," he said. "We would as well like to achieve comm­on increase with other African nations through China's model of development."
  • Investment Bells Ringing

    2018/02/19 It's just been over half a year since Kenya inaugurated its standard gauge railway, but by presently the transport system is seeing heavy request from travelers between Nairobi and Mombasa. The China-built project, changing Kenya's landscape with brightly-colored trains and sparkling modern stations, is a worthy example of tangibly turning the vision of the Belt and Road Initiative into reality in Africa. China is working with its African partners to realize the modernization of the continent's infrastructure, particularly in East Africa, according to experts.
  • China Eyes New Stage of Cooperation with Africa

    2018/02/19 With a key cooperation forum and the Belt and Road Initiative, China hopes to raise its cooperation with Africa to a new stage, Chinese Foreign Minister Wang Yi said Saturday. Wang made the remarks at the same time as conference his Rwandan counterpart Louise Mushikiwabo in Kigali, capital of Rwanda, the initial stop in his new year African trip.
  • China to Host FOCAC Summit in 2018

    2018/02/19 China will host the FOCAC Summit 2018 in Beijing, according to China's Foreign Ministry Spokesperson Geng Shuang on January 2. Geng said the decision had been made based on the fact that South Africa and a lot of other African nations had all been keen to elevate the 2018 FOCAC conference into a summit and the practical needs of developing China-Africa relations. On January 1, Chinese President Xi Jinping exchanged congratulatory messages with his South African counterpart Jacob Zuma on the 20th anniversary of the establishment of diplomatic relations between the two nations.
  • Trade, security and anti-corruption top AU agenda

    2018/02/15 A single African air transport market, promises to fight corruption and plans to address the continent's crises dominated the African Union summit. But with a full schedule for 2018, how much will the AU manage? "The declaration of 2018 as the anti-corruption year by this summit was set to increase national, regional and continental awareness of the menace and improve our chances to totally eradicate it," the freshly sworn-in President Weah noted. And as a statement by the Institute for Security Studies (ISS) in South Africa suggests, there may indeed be a small luck for the AU's anti-corruption plans. President Zuma is losing his grip on South Africa's ruling ANC party, the statement states, in Angola, the Dos Santos dynasty seems to be crumbling and in Nigeria, a survey by the Afrobarometer research network has shown an development in how Nigerians view their government's fight against corruption since Buhari took power. What the AU, however, lacks, the statement says, is an implementation of its own anti-grant agreements and networks.
Trending Articles