The European Union (EU) Commission has approved the disbursement of EUR 29.2 million (about US$31 million) of direct budget support to Liberia under the Liberia-EU "State-Building Contract" to help Liberia's recovery.
According to an EU press release issued here Monday, the aim of this first payment under this new budget support program is to contribute to the implementation of Liberia's Agenda for Transformation and the National Recovery Plan, notably in the areas of health, socio-economic recovery after the Ebola crisis and public finance management (PFM).
The release said the disbursement is part of and follows the EU's 450 million pledge of support for the recovery of the three most-affected Ebola countries, of which EUR 121million for Liberia made at the High-Level International Ebola Recovery Conference on July 10 in New York.
In its communication accompanying the payment, the EU recognized the Government's efforts and progress accomplished despite the Ebola Virus Epidemic and the related crisis and socio-economic consequences.
The program's focus during the coming months will be on public finance management, improved justice and security services and accountability, including equitable access to justice for remote or marginalized populations during the process of UNMIL withdrawal.
The EU's total financial contribution to date to fight the Ebola epidemic is over EUR 1.8 billion.
This amount includes previous funding from the EU member states and the European Commission as well as the European Commission's new pledge of EUR 450 million announced at the UN International Ebola Recovery Conference in July.