General News

Breaking News

World Bank Grant to impact Forest community dwellers' lives

Joseph Koon
World Bank Headquarters
World Bank Headquarters

MONROVIA, LIBERIA-Liberians residing in forest communities are poised to benefit from improved social development projects, including road networks, health and educational facilities, safe-drinking water, among others.

These benefits come as a result of the good will of friendly governments and donor institutions in the transformation efforts of the country.

The latest goodwill followed the signing of a 36.7 million United Sates Dollar grant between the World Bank and the Government of Liberia.

The fund is being provided by the Norwegian Government as part of its efforts to fostering Norway-Liberia relations.

Under the Agreement, the money will be used to support the country’s efforts toward improving the integrated management of targeted forests and increasing the sharing of benefits.

The Liberia Forest Sector Project (LFSP) is the culmination of 10 years of World Bank engagement and is the first project signed under the Bank’s Forest Action Plan launched in April 2016.

The project marks Liberia’s desire to take informed risk in the forest sector to maximize its contribution to the country’s economy, poverty alleviation, job creation and growth.

In a related development, a 10 million US Dollar International Development Association credit has been signed to increase access to Pipe borne water supply services in Monrovia and surrounding communities.

World Bank Country Manager, Iguna Dobraja, said the projects will support Liberia’s post Ebola- economic stabilization and recovery plan.

Outgoing Finance and Development Planning Minister, Amara Konneh along with FDA Managing Director Harrison Karnwea, and Liberia Water and Sewer Corporation Managing Director Hun-Bu Tulay, signed on behalf of government

 

 


Copyright 2012 Mylbsonline.com All Rights Reserved.