18 June 2014

Liberia: World Bank Re-Affirms Commitment

The World Bank on Monday officially inaugurated its new office in Monrovia, reaffirming its commitment to assist Liberia in achieving the country's development objectives.

The newly renovated offices are located in what is known as the German Compound in the Monrovia suburb of Congo Town.

"Over the last several years, we have seen strong growth in the size and depth of our program in Liberia - a growth that was foreseen after the country's successful completion of the HIPC process in 2010,"said Inguna Dobraja, World Bank Liberia Country Manager.

"The expansion of our program has also meant an increasing demand for more and better quality office space to accommodate additional staff on the ground - today this is our new reality."

Yusupha Crookes, World Bank Country Director for Liberia, Ghana and Sierra Leone, said, "As we celebrate the opening of our new offices, we would like to express the World Bank's commitment to continue to work closely with the Government of Liberia in the successful implementation of the Bank's Country Partnership Strategy for Liberia FY 13-17 which was designed, together with the Government, to support the country's Agenda for Transformation.

Liberia joined the World Bank in 1962, becoming its 75th member. Two years later, Liberia received its first funding a program to finance the construction of two new roads, including the highway from Monrovia to the Roberts International Airport, and financing for equipment and materials to maintain Liberia's entire road system. Upon re-engaging after the end of the civil war, the Bank is again prioritizing investments in infrastructure, including roads, energy and ICT.

The World Bank Group plays a key role in the global effort to end extreme poverty and boost shared prosperity. It consists of five institutions: the World Bank, including the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA); the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID).

Working together in more than 100 countries, these institutions provide financing, advice, and other solutions that enable countries to address the most urgent challenges of development. For more information, please visit www.worldbank.org, www.miga.org, and ifc.org.


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