The European Union has commenced direct bi-lateral economic transactions with the Government, ending its bureaucratic network for years, with the provision US$20million for direct budget support, thus restoring the country's prewar power to manage financial allocations from the EU Fund intended for developing countries. Unlike in the past when allocations for Liberia were reviewed and managed by the EU delegation in Abidjan (Ivory Coast) and Germany, Liberia can now directly engage the EU country delegation here about the disbursement of its allocation in the fund. This is why the US$20million agreement is a direct budget support instead of program as was done during the long years of civil war in Liberia."We are now responsible for coordinating programming and regular monitoring and evaluation of all EU supported programs in Liberia," Planning Minister Amara Konneh said Wednesday after signing the agreement for the grant on behalf of the Liberian Government.The head of EU delegation, Mr. Attoilio Pacific signed the agreement saying for the European Union's support to Liberia would "remain unwavering from humanitarian to development aid".
President Ellen Johnson witnessed the occasion and expressed appreciation to the EU for the grant.