Liberia - Economic Governance and Competitiveness Support Program

The proposed operation is a grant to the Republic of Liberia for UA 30 million from the Fragile States Facility (FSF) to finance the Economic Governance and Competitiveness Support Program (EGCSP). It is a general budget support program. It results from a request of the Government of Liberia (GoL) in April 25, 2011. This budget support operation from the Fragile State Facility (FSF) grant resources is premised on the fragility of Liberia’s economy and socio-political systems as a post conflict country. Liberia is in a state of transition from post-conflict reconstruction to medium-term growth and poverty reduction. The EGCSP is designed to assist the GoL to implement its Poverty Reduction Strategy. The program has two components which are mutually reinforcing: (i) strengthening public financial management, and (ii) improving business enabling environment for private sector development. It will be carried out over the period 2011-2013.