Liberia roads aided by $47m grant
3 August 2010
Roads in Liberia are set to be revamped thanks to a multi-million dollar cash injection from the World Bank aimed at the implementation of employment and infrastructure projects.
The Liberia government signed an agreement with the organisation for the $47 million (Â£29.5 million) that has been earmarked for the west African nation's transport network, notably the repair of the Monrovia-Buchanan corridor.
Breaking down the funding for the Urban and Rural Infrastructure Rehabilitation Project, the World Bank's country manager Dr Ohene Owusu Nyanin explained that $20 million of the cash comes directly from the organisation.
However, the Liberia Reconstruction Trust Fund, which is managed by the World Bank, will produce the remaining $27 million, with contributions from partners including Germany, Sweden, Ireland, the UK and Norway.
With a population of 3.49 million as of 2008, according to US Department of State, Liberia is a largely Christian nation with English is the official language, although there are 16 indigenous languages.