The European Union's financial supports to Liberia's development remain consistent due to Liberia's prudent management of public finance which meets international standards, says the visiting EU official Wednesday.
Mr. Pierre Amilhat, Europe Aid Director of Western and Central Africa told reporters at the signing of two grant agreements at the Ministry of Finance that Liberia developed a platform of public finance management that met international standards. He cautioned the government to ensure that European tax payers' money being sent to Liberia is used to bring benefits to the citizens of Liberia.
Mr. Amilhat said the EU has always maintained very good cooperation with the government of Liberia through the Ministry of Finance, the General Auditing Commission and other ministries and agencies of government. He reiterated the EU will continue to provide funding for Liberia because of the prudent fiscal management policies that is in place.
The EU official noted that Liberia has met all criteria of the fiscal management policies which are encouraging the EU to support the implementation of the decentralization policy in Liberia to promote participatory local governance, strengthen sustainable political harmony, inclusive socioeconomic growth and right based and gender responsive development.
Mr. Amilhat also reaffirmed the EU's commitment to support the government of Liberia's ambitious objectives in the creation of a road authority and a road fund which he maintained will be key elements for the European Union. He added that with a good attitude, the EU is optimistic that "what we are bringing to Liberia from our taxpayers will be used for the intended programs and projects that will benefit the citizens of Liberia. This is very important for us."
The visiting EU official also disclosed EU supports to the Ministry of Public Work will include pilot action for the rehabilitation of the road to the airport including its maintenance for five years and the preparation of the design of the southeast Liberia Section of the West African coastal road corridor.
On Wednesday, the Government of Liberia and the European Development Fund (EDF) signed two financing grant agreements valued at US$13.52m towards Liberia's decentralization program that will promote participatory local governance and strengthen political harmony. Part of the grant will go towards supporting road maintenance activities in the country.
Liberia's Finance Minister Amara Konneh says the signing is a major step towards buttressing Government's effort in the implementation of the adopted National Decentralization Policy, particularly its 10 year strategic framework and a detailed five year (2013-2017) Liberia Decentralization Implementation Plan (LDIP).
The Fiscal Manager disclosed the Liberia Reconstruction Trust Fund, of which the EU is the largest grant-contributor, has already awarded contracts for the rehabilitation of Monrovia-Buchanan highway and one of two lots of Monrovia to Ganta to Guinea border.
Minister Konneh also told reporters that the EU has provided support to the ministry of Public Works to improve the road maintenance activities in the country. He said the support will strengthen the capacity of the Ministry to tackle issues of sustainability of road maintenance; prepare and develop feasibilities and tender documents for the coastal road corridor from Buchanan to Greenville in Sinoe County to Barclayville in Grand Kru County.
The Treasury Chief used the occasion to thank the EU for its continual support to Liberia's growth and for being generous in extending the grant facility.