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Liberia stands a chance to benefit…-Monie Captan

Francis Pelenah/Maximilian Kasseh, Jr.

MONROVIA, LIBERIA-The Chief Executive Officer of the Millennium Challenge Account Liberia, Monie Captan, says Liberia has a Chance to benefit from another compact if the Government of Liberia improves performance indicators from the grant.

Mr.Captan said:” Liberia has already passed some of the performance indicators, including control of corruption and freedom of information.”

Speaking at a media orientation on June 16,2018, Mr.Captan said sometimes countries fail the indicators because the reporting ministries do not provide information required to judge performance.

In October 2015, Liberia became eligible for a United States Government grant of US $ 257 Million through the Millennium Challenge Corporation.

It came after Liberia had qualified by passing 10 out of 20 independent and transparent policy indicators as required by the MCC grant.

The MCC grant is a five year program intended to encourage growth and private sector investment in Liberia by improving access to reliable and affordable electricity, as well as improving planning and execution of road maintenance to reduce transportation cost.

The Liberia Compact consists of funding of the rehabilitation of the Mount Coffee Hydropower Plant, development of a training center of the Liberia Electricity Corporation (LEC) and support for the creation of an independent energy sector regulator.

 


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