As the Government of Liberia demonstrate strong will in managing funding meant to improve the fisheries and education sectors, Liberia’s Finance Minister Samuel D. Tweah has said the World Bank’s continuous support to the country’s development agenda is “remarkable.”
He was speaking during a meeting held at the Finance Ministry recently with World Bank Manager for Environment, Natural Resources and Blue Economy Global Practice, Mr. Sanjay Srivastava, along with World Bank Practice Manager, Education Global Practice, West Africa and Central Region, Mr. Halil Dundar and World Bank Country Manager Mr. Khwime Nthara.
The Education Minister of Liberia, Professor D. Ansu Sonii, and National Fisheries and Aquaculture Authority (NaFAA) Director General, Madam Emma M. Glassco, were also in attendance.
Minister Tweah emphasized that World Bank support to the fisheries and education sectors is “a big boost” to the economy and human capacity growth of Liberia.
According to him, there is a possibility of additional financing through one of the country’s partners, adding that the bank is impressed with progress being made by the Liberian government in the fisheries sector.
He indicated that the Liberia Sustainable Management of Fisheries Project continues to receive tremendous support something, he stressed, will lead to expansion of the Metsurrado fishing pier which will enhance the livelihood and income generation for the government and targeted beneficiaries.
It can be recalled that the Government of Liberia and the World Bank on Tuesday, 19 October 2021, signed a US$40 million financing agreement for the Liberia Sustainable Management of Fisheries Project (LSMFP) to help boost the operation of the Liberia National Fisheries and Aquaculture Authority (NaFAA).
The signing ceremony of the financing agreement for the World Bank-funded LSMFP took place in Monrovia during which Finance Minister Tweah signed for Liberia, while the World Bank Liberia Country Manager Nthara signed for the Bank.
NaFAA Director General Madam Glassco also signed the document.
The US$40 million agreement is aimed at creating job opportunities for Liberia to increase domestic revenue collection and construction of modern fisheries infrastructure for the landing of vessels and storage of products which will help the country to produce its own product and export them to other countries.
Meanwhile, Minister Tweah noted that the early childhood project is on course but more support is needed to improve other areas in the education sector.