Liberia Secures World Bank Aid for Road Project

The World Bank will provide USD39 million to Liberia in 2011, according to a senior official at the agency.

Obiageli Ezekwesili, the World Bank vice president for the African region, made the announcement during a meeting with Liberian officials at the sidelines of the World Bank and International Monetary Fund’s annual meetings in Washington, D.C., the Analyst reports.

Some USD30.8 million of the funds will reportedly go toward a road development project, while the remainder will be used for the development of Liberia’s economic and power sectors.

The funds will be drawn from the World Bank’s International Development Association, according to Ezekwesili.

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  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.