The World Bank Group says it has begun the Country Systematic Diagnostic Consultations (SCD) which will enable the Bank to identify constrains and pathways for achieving the twin goals of eradicating poverty and boosting shared prosperity.
Addressing journalists at the headquarters of the Bank in Oldest Congo Town at the regular media dialogue briefing notes, the Country Manager of World Bank Liberia, Madam Larisa Leshchenko said the completing of the SCD process will assist the Bank in formulating its new Country Partnership Framework (CPF) which will be built on the availability of resources, which will also guide the engagement of the World Bank Group with Liberia over the next 5 to 7 years.
Stressing further, Madam Leshchenko said, the Bank’s consultations in Liberia started last week Friday, May 5th, 2017 in Ganta, Nimba County, and brought together Civil Society Organizations, Academia and the private sector. These group she said are critical in informing the development of the Bank’s CPF.
Addressing journalists, the World Bank Liberia Country Manager said, “We later moved on to Buchanan, Grand Bassa County on yesterday. We are now engaging in Monrovia with similar groups, including the government of Liberia and Development Partners. The inputs of our partners of the Bank will help us identify problems affecting growth and contributing to poverty in Liberia,” Madam Lechchenko speaking further noted.
On the outcome of the recent World Bank and IMF Spring Meetings held in Washington D.C., the World Bank Liberia Country Manager said, “We have good news coming out for fragile and conflict affected states in Africa. Under the International Development Association (IDA) 18 which will come into effect soon, there are new opportunities for landing, including through the Private Sector Development Window,” she told journalists.
She said in the next IDA cycle, there will be a major focus on growth, jobs, skills, basically boosting economic growth relevant for Liberia, stressing, “Lots of emphasis will be placed on Agriculture and Energy,” the World Bank Liberia boss concluded.
Also present at the media dialogue were Mr. Errol Graham, World Bank Program Leader and Mr. Aly Sanoh, Economist and Statistician of the World Bank.