In a unique e-ceremony for the signing of two Financing Agreements worth USD 59 million, EU Ambassador HE Hélène Cavé reiterated EU's commitment to support Liberia's development agenda and recovery from the Coronavirus pandemic.
The European Union (EU) and the Government of Liberia signed today two Financing Agreements which will lead to new programmes in support to Liberia's social and economic development and recovery from challenges caused by the recent Coronavirus pandemic.
The programmes will target Rural Electrification (prioritizing the South-East region) with EUR 42 million (around USD 46 Million) and support demand driven Technical and Vocational Education and Training (TVET) for young people in Liberia with a total of EUR 12 million (around USD 13 Million)
The COVID-19 crisis has hit many African countries, and the EU immediately reacted in helping Liberia but the wider development agenda of the country should not be forgotten.
Together with the Minister of Finance and Development Planning, Hon. Samuel Tweah, the EU Ambassador Hélène Cavé launched two new programmes under the 11th European Development Fund (EDF).
With these two new programmes, all funds under the 11th EDF have now been committed and the EU along with the Government will soon embark on a new programming cycle, to support Liberia financially, targeting some of the priorities of the Pro-poor Agenda for Prosperity and Development (PAPD) from 2021 until 2027.
