World Bank, Liberia sign $30m deal to combat corruption and expand electricity access
The World Bank and Liberia have signed two landmark agreements valued at US$30 million to enhance transparency and accountability in institutions and expand electricity access to 500,000 citizens.
The signing ceremony took place on Thursday, July 4, 2024, on the tenth floor of the Ministry of Finance and Development Planning in Monrovia, the New Dawn reports.
World Bank Country Manager Georgia Wallen highlighted that the agreements align with Liberia's ARREST agenda. Wallen assured the Liberian government of the World Bank's continued support, particularly in addressing challenges in the electricity sector.
She described the projects as milestones since her tenure began and the start of President Joseph Boakai’s administration, emphasising their significance in advancing the ARREST agenda.
“These projects are turning on the light in different and complementary respects,” Wallen stated.
The first project focuses on governance, reform, and accountability transformation, aiming to enhance transparency and bring the government closer to the Liberian people. This initiative seeks to strengthen accountability institutions and support the government's domestic resource mobilisation efforts. "We are aiming to support your efforts to reach 2.15 million people with digitally-enabled services through this project by the end of six years," Wallen explained.
While the second project targets the expansion of Liberia's electricity supply, with the goal of providing power to 500,000 new customers. This initiative is expected to significantly improve access to electricity, contributing to the overall development and quality of life for many Liberians.
