House Reviews Financing Agreement For Women Empowerment
The plenary of the House of Representatives has requested its committees on Ways, Means and Finance, Gender and Judiciary to review a financing agreement between the Republic of Liberia and the International Development Association (IDA).
The House’s decision followed a communication from the President of Liberia, H.E Dr. George Manneh Weah Sr., submitting for ratification the financing agreement for Liberia Women Empowerment Project.
The Agreement was signed on July 4, 2022 between the International Development Association (IDA) and the Republic of Liberia.
The objective of the project, according to the President’s communication, is to improve social and livelihood services for women and girls in targeted communities, foster positive social norms and strengthen the government’s capacity to advance women and girls’ empowerment.
Under the agreement, the association agrees to extend to the Republic of Liberia a grant and a credit, which are deemed as concessional financing in the following amounts: (a) an amount equivalent to thirteen million three hundred thousand special drawing rights (SDR 13,300,000 as grant); and (b) an amount equivalent to twenty million special drawing rights (SDR 20,000,000 as credit).