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World Bank approves $19m Int’l Dev.Asso. Grant

Victor Kezelee /Maximilian Kasseh, Jr.

MONROVIA, LIBERIA-The World Bank Board has approved an International Development Association (IDA) grant of $19 million to improve domestic revenue mobilization.

The grant is intended to strengthen financial control and accountability in public finances.

According to a release issued on Thursday, July 18, 2019, the grant financing approved, will be executed under the Public Financial Management Reforms for Institutional Strengthening (PFMRIS) Project.

The PFMRIS project will address financial management and governance issues, as well as deepens and institutionalized PFM reforms.

It will also address the importance of broadening the revenue base in an equitable manner.

World Bank County Manager for Liberia, Larisa Leshchenko, said transparency and accountability in the public sector are critical for the Liberian Government to assist in mobilizing additional revenue.


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