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…US$77M Agreements

By A. Omaska Jallah

The Government of Liberia and the World Bank (WB) have signed two separate grant agreements aimed at improving secondary education and support to urban water supply project in Liberia.

The US$77 million financing agreement will help the government to improve the country’s education system and boast urban water supply.

Liberia’s Finance and Development Planning Minister Samuel Tweah signed on behalf of the government, while the Country Director of the World Bank (WB) Pierre Laporte signed for the Bank.

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During the signing ceremony over the weekend in Monrovia, Minster Tweah thanked the bank for the grant, noting that it will go a long way to improve the education and water sectors of Liberia.

Minister Tweah described the two sectors as key areas of the George Weah’s Administration and assured the bank of government’s sincere commitment to transform the sectors.

Speaking earlier, the Country Director of the Bank Pierre Laporte said the signing of the agreements will help strengthen the educational sector and improve the supply of pipe bond water in Monrovia and its environs.

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The World Bank new Country Director said he was particularly delighted to participate in the signing of the agreements, which he said, strengthen the bank’s support toward the education sector and to improve the supply of water in Monrovia and its environs.

According to Pierre Laporte, his institution commits US$47m for Improving Results in Secondary Education (IRISE) project and US$24.74m for Urban Water Supply (UWSP) Project with a US$5.26m grant to the Liberian government, totaling to US$77m.

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He said the bank considered improving secondary education to be very important because it will contribute to improving Liberia’s human capital base, noting that it is critical to the development of the country.

The signing ceremony was graced by Education Minister Ansu Sonii and the Managing Director of the LWSC, Duannah Kamara.

The two officials thanked the World Bank for the grant intended to improve their sector, noting that the amount will be used decisively.


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