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Liberia - Country Partnership Framework for the Period FY19 - FY24 (English)

The Liberian economy is undergoing a process of structural transformation, as the dominanceof agriculture and mining gradually gives way to a rising services sector. Much of the Liberian economy is structured around foreign direct investment (FDI) and the development of private agricultural, mining, and forestry concessions. The Liberian economy showed signs of recovery in 2017-2018, amid significant fiscal and external imbalances. The medium-term outlook remains positive, assuming the new government maintains prudent macroeconomic policies, pursues a judicious borrowing policy, and implements planned structural reforms. The favorable medium-term growth outlook also assumes that sound macroeconomic management and structural reforms will strengthen investor confidence. The Government’s medium-term development strategy (July 2018-June 2023), the Pro-poor Agenda for Prosperity and Development (PAPD), is designed around the priorities set forth in President Weah’s inaugural speech and State of the Nation address: (i) combatting corruption; (ii) improving efficiency and accountability in the public sector; (iii) promoting honesty and transparency in the private sector; (iv) narrowing infrastructure gaps, especially in the southeast; and (v) creating jobs, especially for young workers. The Country Partnership Framework emphasizes the importance of shifting the focus of the WBG program from being infrastructure intensive under the previous CPS toward a more balanced approach with greater attention to education, agriculture, economic empowerment of women and youth, and maternal and child health. WBG will support smallholder commercialization and private-sector investment in agribusiness by fostering productive business linkages among smallholder farmers, selected agribusiness firms, and business-development services—with a special focus on constraints faced by women and youth.

Details

  • Document Date

    2018/10/26

  • Document Type

    Country Assistance Strategy Document

  • Report Number

    130753

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Liberia,

  • Region

    Africa,

  • Disclosure Date

    2018/11/03

  • Disclosure Status

    Disclosed

  • Disclosure Type

    Simultaneous Disclosure

  • Board Meeting Date

    2018-11-27T00:00:00Z

  • Doc Name

    Liberia - Country Partnership Framework for the Period FY19 - FY24

  • Keywords

    multilateral investment guarantee agency; information and communication; small and medium enterprise; rural area; public service in rural area; efficiency of the public sector; private sector participation in infrastructure; poor household; gender gap in education; Completion and Learning Review; human capital; dropping out of school; root cause of gender; economic empowerment of woman; Levels of Educational Attainment; maternal and child health; life expectancy at birth; effect of climate change; net official development assistance; Management of Natural Resources; access to quality education; Demographic and Health Survey; impact of climate change; human development index; impact on poverty reduction; macroeconomic stability and growth; domestic revenue mobilization; financing development; Job Creation; inclusive growth; business environment; high fertility rate; domestic resource mobilization; risk of debt; high poverty rate; sanitation and hygiene; central government operation; economic diversification; Civil War; access to finance; market exchange rate; entry of women; access to land; basic health indicators; net foreign exchange; number of jobs; Access to Education; central government debt; formal financial service; basic financial service; underdeveloped financial sector; commodity price boom; rural poverty rate; constraints on access; investments in infrastructure; production of gold; access to internet; average life expectancy; price of gold; human development outcome; fiber optic cable; Social Safety Nets; high tax rate; incidence of poverty; Identification for Development; national poverty line; domestic financial sector; international poverty line; annual inflation rate; public external debt; terms of trade; direct budget support; social development indicator; access to information; infant mortality rate; consumer price index; macroeconomic and fiscal; access to health-care; extremely poor household; current account balance; world food programme; gross national income; poor urban community; share of woman; public investment management; environmental technology transfer; foreign direct investment; remote rural area; rates of access; neonatal mortality rates; human development indicator; extreme poverty rates; debt sustainability analysis; transfer power; source of income; per capita term; Natural Resource Management; public service provision; social protection services; source income; international labor mobility; large urban centers; children per woman; social security fund; supply of electricity; regional electricity transmission; gross capital formation; Access to Electricity; loss of life; iron ore; medium-term development; young woman; informal sector; Maternal Mortality; Young Workers; workforce skill; community level; digital economy; Public Services; Agriculture; wash facility; rural population; fiscal pressure; smallholder farmer; liberian dollar; agricultural concessions; kilowatt hour; smallholder farming; gender disparity; adequate transportation; primary sector; positive impact; Public Spending; transportation access; early marriage; fiscal balance; aid flow; Exchange Rates; national account; trade balance; economic recovery; tenure security; Business Climate; fiscal resource; fiscal deficit; women's empowerment; mobile-phone penetration; credit access; improved water; external shock; economic exclusion; global commodity; dependency ratio; poverty estimate; private-sector development; Mining

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Citation

Liberia - Country Partnership Framework for the Period FY19 - FY24 (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/374031541438293964/Liberia-Country-Partnership-Framework-for-the-Period-FY19-FY24