Liberia PRSDPOIII Supplemental

This program document presents a supplemental financing to the Third Poverty Reduction Support Development Policy Operation (PRSDPO-III) to the Republic of Liberia in amount of special drawing rights (SDR) 4.8 million in International Development Association (IDA) grants and of SDR4.1 million in International Development Association (IDA) credits, and of United States (U.S.) 4,366,500 dollars in grants from the Liberia forest landscape single donor trust fund. At the time the PRSDPO-III was negotiated in October 2016, Liberia's fledgling economy, already weakened by the adverse economic effects of the Ebola crisis, has been hard hit by severe exogenous shocks from the sustained slump in global commodity prices. Economic and fiscal performance in 2016 and 2017 turned out to be worse than expected as downside risks, highlighted in the PRSDPO-III program document, have materialized.

Project ID
44000-P163164
Activity status
3 - Completion
Aid type
C01 - Project-type interventions
% to Liberia
100.00

Organisations

Extending
International Development Association
Funding
International Development Association
Accountable
MINISTRY OF FINANCE AND DEVELOPMENT PLANNING
Implementing
MINISTRY OF FINANCE AND DEVELOPMENT PLANNING

Disbursements by fiscal year, quarter

Fiscal year Fiscal quarter Value (USD) Liberia Value (USD)
2016 Q4 12,383,371.00 12,383,371.00

Commitments by fiscal year, quarter

Fiscal year Fiscal quarter Value (USD) Liberia Value (USD)
2016 Q4 12,000,000.00 12,000,000.00

MTEF projections by fiscal year

Fiscal year Value (USD) Liberia Value (USD)

CRS code %
Public Finance Management (PFM) (15111) 44.0
Public sector policy and administrative management (15110) 31.0
Financial policy and administrative management (24010) 13.0
Oil and gas (32262) 12.0