Thursday, August 23, 2007

World Bank Gives $37m for Ag & Infrastructure

The World Bank has agreed to finance Liberia's $37 million Agriculture and Infrastructure Development Project, which will entail the rejuvenation of the country's infrastructural capacity and agricultural development initiatives. According to Liberian finance minister Antoinette Sayeh, the project will also cover other initiatives, such as improving the management of the National Port authority, the rehabilitation of a water treatment plant in Monrovia, and the reconstruction of and maintenance of major roads and bridges in the region. The grant was given to Liberia in response to the nation's call for emergency funds, largely for the reinstatement and repair of war-damaged infrastructure. (Source: World Bank gives U.S. $37 million for old bridge, others/The Inquirer)

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