20 September 2012

Liberia: AfDB Pleased With GOL Reform Process

The Country Representative of the African Development Bank (AfDB) in Liberia, Madam Margret Kilo has lauded the Government of Liberia (GOL) for its reform initiative especially in the area of financial management. Speaking at the Finance Ministry yesterday when the President of the bank called on Finance Minister Amara Konneh, Madam Kilo said the level at which the GOL is carrying its financial management shows that the country is committed to reform process in accordance with international best practice.

Speaking after Finance Minister Konneh narrated the various steps taken by government to ensure proper governance system and prompt financial management, Madam Kilo said the AfDB is indeed committed to helping Liberia achieve its reform goals.

She said with several steps being taken by the GOL, the AfDB will continue to trust the country for its sound financial and fiscal management.

She further disclosed that the AfDB is also committed to ensure that Liberia's "Raising 2030" which replaces the Poverty Reduction Strategy (PRS) is fully supported by the bank.

The AfDB Bank Country Representative also noted that a trust fund has been committed to support the GOL in its investment and infrastructural drive.

Speaking earlier, Liberia's Finance Minister Amara Konneh explained the various steps being adopted by the Government of Liberia in its reform drive noting that government was now committed to developing its infrastructure following years of civil destruction.

Minister Konneh also explained steps being taken to increase government's revenue collection and expressed satisfaction that the AfDB is a key partner in the country reform and development efforts.

The AfDB President who has visited Liberia for the second time yesterday departed the country after the signing of a landmark agreement.

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