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Minister Konneh attends World Bank, IMF meeting in Peru

Patrick Flomo/Benjamin S. Taingay
Minister Amara Konneh
Minister Amara Konneh

(elbcradio.com/Oct. 8, 2015)-Finance and Development Planning Minister, Amara Konneh is in Lima, Peru to attend the 2015 Annual Meetings of the World Bank and International Monetary Fund (IMF).

Minister Konneh is at the head of a High-Powered Liberian Government Delegation to that European country.
According to a release, the meetings are intended to discuss Liberia’s development agenda and to conclude on commitments made by Development Partners.

On the margins of the Annual Meetings, Minister Konneh and team met with the World Bank Vice President for Africa, Makhtar Diop, to discuss the current state of the Liberian economy.

The Liberian delegation’s meeting with Mr. Diop was also intended to discuss support to the country’s medium-term development strategy, the Agenda for Transformation and the Economic Stabilization and Recovery Plan.

Minister Konneh showcased progress made so far by Liberia in the implementation of the 5-year development agenda.

He stressed the need for the Bank to accelerate its support through timely disbursement of funds against outstanding commitments to enhance economic recovery, sustainable growth and development.

The Agriculture sector was an area singled out by the Minister to be given additional support, given its huge potentials for employment and real GDP growth.

The Liberian Finance and Development Planning Minister also highlighted the importance of energy, roads, health, and education in the country’s development process.

Minister Konneh then thanked the Bank for its strong support during the Ebola crisis, and, however, emphasized the need for additional resources from development partners, through diverse windows of financing.

The diverse windows of financing include the International Development Association (IDA).
In response, the World Bank’s Vice President assured Liberia of its continuous support to the Agenda for Transformation and, the Economic

Stabilization and Recovery Plan, laying special emphasis on the Agriculture Sector.

Vice President Diop acknowledged the leadership demonstrated recently by President Ellen Johnson-Sirleaf at the national and regional levels, during the Ebola Crisis in Liberia.

He also extolled the Liberian Leader for her manifold contribution towards the new global agenda - the Sustainable Development Goals.

 


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