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Tuesday, 12 November 2013

EU pledges €279 million for Liberia's development

The European Union announced an extension of its aid portfolio to Liberia in the tune of €279 million for Liberia for the period of 2014 - 2020 under the 11th European Development Fund, last month in Brussels. Speaking on behalf of the European Commission in a recent donor meeting in Brussels, Belgium, the EU Commissioner for Development Andris Piebalgs announced that some $8.8billion is expected to support investments that generate growth and job creation for over 300 million citizens of West Africa.
For Liberia, he said the indicative funding is targeted at supporting critical development interventions including energy, education and state building initiatives.
The European Commissioner who visited Liberia earlier this year said, "If we had not seen with our eyes, it would have been difficult to believe that Liberia has done so well in governance, infrastructure development and the control mechanics of the National Budget, thus reflecting true transparency and accountability public resources".
During the bilateral discussions, the EU and Liberia both agreed that significant part of this amount will be allocated to Liberia through budget support (state building contracts), support the transmission and distribution of energy to increase interconnectivity and access to cheap and affordable energy, and to improve the quality of education at the primary and secondary level.
Responding following the Commissioner Piebalgs disclosure, Liberia's Minister of Finance and National Authorizing Officer, Amara M. Konneh asserted that "Liberia's forward march to development and economic growth is only going to be a reality if our partners retain confidence in our governance process by allowing more aid and development assistance to be administered through the budget". He continued, "I appreciate the continued support of the European Union and its commitment to continue providing its development aid through the National Budget".

Source: AllAfrica

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