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Poverty Reduction Support Credit III

This program document proposes a Third Poverty Reduction Support Development Policy Operation (PRSDPO-III) to the Republic of Liberia for SDR 28.7 million (US$40 million equivalent) in grants which includes US$8 million from the Crisis Response Window (CRW). The increase in the amount of the operation from the initial US$20 million credit is intended to support the government's strong policy efforts to adjust to the twin shocks from the Ebola crisis and the slump in commodity prices in a way that builds resilience and contains the debt. The operation is the third in a programmatic series of four single-tranche operations to support the implementation of the government's Agenda for Transformation (AfT), which remains Liberia's extant medium-term strategy even in the aftermath of the Ebola crisis. Liberia's primary development challenges, which the AfT launched in 2012 aims to address, relate to sustaining the peace, achieving economic transformation, developing human capital and improving governance and public institutions. Addressing a history of exclusion, inequality and corruption is critical to sustaining the peace in Liberia following nearly 15 years of conflict. This challenge is complicated by the exit of the United Nations Mission in Liberia (UNMIL) and the limited fiscal space for scaling up the government's security apparatus. Economic transformation, critical for achieving inclusive growth is constrained by weak infrastructure, including electricity, roads and telecommunication that limits connectivity to markets, and consequently increases fragility. Liberia's low level of human capital development also limits access to economic opportunities. To support the government in addressing the primary development challenges, the operation focuses on three principal areas: (i) governance and civil service reforms; (ii) economic transformation; and (iii) human capit

ID Projet

44000-P151502

Statut de l'activité

3 - Completion

Type d'aide

C01 - Interventions de type projet

% to Libéria

100.00

Organisations

Extending

International Development Association

Funding

International Development Association

Accountable

MINISTER OF FINANCE

Implementing

MINISTER OF FINANCE

Code CRS	%
Gestion des finances publiques (15111)	30.0
Organisations et institutions pour la lutte contre la corruption (15113)	20.0
Politiques publiques et gestion administrative (15110)	20.0
(23065)	10.0
Politique de la santé et gestion administrative (12110)	10.0
Équipements scolaires et formation (11120)	10.0