World Bank and AfDB call for stronger institutions in Liberia
By the AFREEQUE newsroom, based on Front Page Africa
The World Bank and African Development Bank are calling on Liberia to improve governance and national data to gain greater access to concessional financing. These priorities were discussed at an institutional assessment workshop in Monrovia, according to Front Page Africa.
The African Development Bank (AfDB) and the World Bank have called on Liberia to strengthen the performance of its institutions, improve governance and make national data more reliable to increase its access to concessional financing. The call was made on Wednesday during a high-level workshop on the assessment of the country’s policies and institutions, organised in Monrovia by the AfDB’s Liberia office with the World Bank’s representation, reports Front Page Africa.
The discussions brought together deputy ministers of Finance and Development Planning, Agriculture and Public Works, as well as officials from the Central Bank of Liberia and the Youth Entrepreneurship Investment Bank Management Company. The CPIA assessment serves as the basis for the AfDB’s performance-based allocation system, which determines the distribution of a significant share of concessional resources from the African Development Fund among 37 eligible African countries.
The AfDB’s lead international consultant, James Francis Davis, said Liberia’s results directly influence the volume of development financing the country can access and also serve as a reference for bilateral donors and international partners.
