Liberia Second Inclusive Growth Development Policy Operation

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The development objectives of the Second Inclusive Growth Development Policy Operation in Liberia are to: (1) remove distortions in selected sectors and strengthening public-sector transparency; and (2) promote economic and social inclusion. supports critical reforms to bolster economic recovery by (i) removing distortions in selected sectors and strengthening public-sector transparency; and (ii) promoting economic and social inclusion. The reforms under the first pillar are intended to help increase access to agricultural seeds, expand access to and affordability of electricity by reducing losses and improving financial viability of the energy state-owned enterprise (SOE), strengthening domestic revenue mobilization by streamlining distortive tax waivers, and reinforcing SOE oversight and transparency. The reforms under the second pillar help strengthen the regulatory framework for financial inclusion and digital finance, to improve access to formal financial services for excluded and underserved groups, particularly women and rural residents, and help create a sustainable and efficient social safety net system. This operation also intends to respond to the climate risks through policies that support adaptation in the agriculture and energy sectors, and in social protection. The Government is also committed to addressing climate change risks through improved planning, adaptation, resilience, and enhanced disaster-risk management.