Liberia Receives €10m from EU to Finance Budget

July 16, 2017
Liberia Receives €10m from EU to Finance Budget

By Modupe Gbadeyanka

The Liberian government has received a grant of €10 million from the European Union (EU) as support for financing its budget.

The EU disbursed the money directly into the treasury account of the government and it is the third payment under the EU’s budget support programme after a first payment of €29.2 million in 2015 and €16 million in 2016.

Disbursement of the third payment comes after the government of Liberia made satisfactory progress in improving public financial management and toward specific targets relating to security and rule of law in line with the Agenda for Transformation, Liberia’s medium-term development strategy.

Ambassador Tiina Intelmann, Head of the European Union Delegation to Liberia, stated that, “The EU gives this €10 million expecting that the government will use it to provide Liberians with the vital public services they deserve and it has committed to provide: health, education, security and rule of law.

“I encourage the government to continue improving the management of public finances and fight against corruption.

“In particular, I applaud the operationalisation of four pilot county treasuries, the establishment of a Civilian Complaints Board for the police and immigration services and improved access to justice through magistrates’ courts and county courts for cases related to sexual and gender based violence. I encourage Government and the Judiciary to continue their efforts to better plan procurement for entities in the security and rule of law sector and to ensure that spending takes place as planned.”

The European Union withheld €2 million due to the government of Liberia’s failure or partial failure to meet indicators related to the timely publication of procurement plans for the Ministry of Justice and the Judiciary and spending less money than planned through entities in the security and rule of law sector.

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

Leave a Reply

Drogba Joins Kirusa’s InstaVoice Channels Service
Previous Story

Drogba Joins Kirusa’s InstaVoice Channels Service

Former BellaNaija Manager Floats PR Firm
Next Story

Former BellaNaija Manager Floats PR Firm

Latest from World

Don't Miss