Africa-Press – Liberia. A high-powered Liberian delegation coordinated by Finance & Development Planning Minister, Augustine Kpehe Ngafuan, has held productive discussions with the World Bank delegation to TICAD headed by the Managing Director of the International Finance Corporation (IFC), Mr. Maktar Diop.
The IFC is the World Bank private sector institution. The Bank’s delegation also included Mr. Ethiopis Tafara, Regional Vice President for Africa, IFC, Mr. Ousmane Diagana, Regional Vice President for Africa, World Bank, and other World Bank executives.
Liberian government delegates to the talks included Foreign Minister Sara Beysolow Nyanti, Minister of Education Dr. Jarso Jallah, NIC Chairman Jeff Blibo, Commerce Minister Magdalene Dagoseh; Agriculture Minister Dr. J. Alexander Nuetah, Mines & Energy Minister Wilmot J. Paye, NPA Managing Director Sekou Hussein Dukuly and others.
According to a release from the Ministry of Finance in Monrovia, the discussion focused on IFC’s plans to scale up support to private sector investments in Liberia, including through IFC equity participation. Sectors to benefit include energy, agriculture, tourism, financial services, and many others.
The delegations also discussed the World Bank’s portfolio in Liberia with net commitments now totaling nearly US$1 billion.
The delegates noted with appreciation increase in disbursements to World Bank projects as a result of increased delivery and the need to accelerate implementation to pave way for increased World Bank support for Liberia’s ARRREST Agenda.
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