Liberia First Inclusive Growth Development Policy Operation

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The development objectives of First Inclusive Growth Development Policy Operation are: 1) removing distortions in selected sectors and strengthening public-sector transparency; and 2) promoting economic and social inclusion. The development policy operation (DPO) series supports key reforms designed to enable inclusive growth in Liberia in line with the strategic priorities of the Pro-Poor Agenda for Prosperity and Development (PAPD). In November 2018, the new government launched its PAPD, which covers the 2018-2023 period. Developed in 2012, Vision 2030 aims to transform Liberia into a prosperous and inclusive middle-income economy by 2030. Vision 2030 was informed by nationwide consultations with citizens and stakeholders in all of Liberia’s fifteen counties. The PAPD is designed to operationalize this vision by focusing on four strategic pillars. Under first pillar, the government’s goal is to leverage human capital development to transform living conditions and enhance wellbeing at the household level. Under second pillar focus on reinforcing macroeconomic stability by promoting economic diversification, investing in infrastructure, enhancing the business climate, and fostering private-sector development. The government’s primary objective under third pillar is to work collaboratively with all citizens, regardless of social status, to build a more peaceful and unified society that enables economic transformation and sustainable development. Actions under fourth pillar focus on creating robust and responsive public institutions by strengthening accountability, as effective public institutions are necessary for inclusive economic development.