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Liberia improving ties with Millennium Challenge

Moses Wenyou/Benjamin S. Taingay
Finance Minister, Amara Konneh
Finance Minister, Amara Konneh

(elbcradio.com/Aug.28, 2015)-Finance Minister, Amara Konneh, says Liberia has made significant strides to improve its bilateral engagement with the Millennium Challenge Corporation (MCC).

The Millennium Challenge Corporation is a bilateral U.S. Foreign Policy Aid Agency. Minister Konneh said since 2008, Liberia has met most of the MCC’s required indicators.

The Liberian Finance Minister spoke recently in Monrovia at a Cabinet Meeting, presided over by Vice President, Joseph Boakai. The MCC was set up by the U.S. Congress in 2004 to institute a new foreign aid concept.

The MCC is an independent agency different from the State Department and the U.S. Agency for International Development (USAID).

The Corporation examines a country’s performance on 17 independent and transparency policy-indicators to make it eligible for assistance.

In a related development, Minister Konneh says Liberia’s economy will not grow, if problems Liberia’s energy sector is being faced with are not resolved.

He said: “Since 2008, the Millennium Challenge Corporation has raised over US$200-million.”

The Liberian Finance Minister also said the amount would provide substantial support to the country’s energy sector, road maintenance programs and capacity-building efforts.

“The current government is building more roads than any other government ever in the history of Liberia,” Minister Konneh noted.

He added: “Due to improvement in the MCC’s corruption indicator, Liberia attracted US$15-million to support girls’ education, trade policy and land reform.”

 


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