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World Bank launches MSME and Rural Finance Post-Ebola project

Maximilian Kasseh, Jr./Jos Garneo Cephas
 World Bank Liberia Country Manager, Larisa Leshchenko
World Bank Liberia Country Manager, Larisa Leshchenko

MONROVIA, LIBERIA-World Bank Liberia Country Manager, Larisa Leshchenko, said    MSME and Rural Finance Post-Ebola Reconstruction Project is relevant to Liberia.

Madame Leschenko said: “Small businesses are the lifeblood of the Liberian economy and will generate much needed jobs and income”.

She spoke Tuesday, November 28, 2017 in Monrovia, at the launch of the MSME and Rural Finance Post-Ebola Reconstruction Project when she observed that the Liberian economy has faced great challenges in recent years, affecting the rate of Liberia’s economic growth prior to the Ebola crisis to negative growth in 2016.

Madame Larisa however, said: “Economic activity is growing, according to the IMF, the growth is expected to reach close to seven per cent over the medium term led by mining, with support from agriculture, services and manufacturing”.

Larisa stressed the importance of the growth being shared by everyone, and that the efforts of Government to support MSMEs are important contributions to such critical objective. 

The World Bank Liberia Country Manager, however said the project alone cannot itself solve the access to credit problem faced by Liberian small businesses.

The project is financed by the World Bank State and Peace Building Fund for US 4.8m aims to increase access to finance for MSMEs in a sustainable manner.

 


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