Liberia - Fourth Adaptable Program Loan (WAPP APL4) for First Phase of the West African Power Pool Cote D'Ivoire, Sierra Leone, Liberia and Guinea Power Interconnection Project, and Integration and Technical Assistance Project : summary of discussion (English)

Executive Directors approved the credit to the Republic of Liberia in the amount of SDR 93.3 million (US$144.5 million equivalent) for a West African Power Pool (WAPP) Cote d'Ivoire, Sierra Leone, Liberia and Guinea (CLSG) Power Interconnection Project... See More + Executive Directors approved the credit to the Republic of Liberia in the amount of SDR 93.3 million (US$144.5 million equivalent) for a West African Power Pool (WAPP) Cote d'Ivoire, Sierra Leone, Liberia and Guinea (CLSG) Power Interconnection Project, and a grant to the West African Power Pool in the amount of SDR 20.4 million (US$31.5 million equivalent) for a West African Power Pool Integration and Technical Assistance Project on the payment terms and conditions set out in the President's Memorandum. Directors also approved a waiver on the application. Directors underscored the pivotal role of the project in supporting the strategy and efforts of the West African Power Pool to implement a program for the integration and improvement of power supply systems through regional cooperation. They noted the existence of significant challenges in implementation and in governance, and in this context reiterated the need for continued dialogue with authorities and collaboration with other donors to ensure adherence to project implementation timelines. Directors urged authorities to finalize the institutional framework of the Regional Transmission Company. The need to exercise diligence in the supervision of the implementation of the project for timely and successful completion and achievement of the project development objectives was emphasized.  See Less -