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This report evaluates the outcomes of World Bank Group support to Liberia from its post-war reengagement in 2003 through 2011. The country has moved from total disarray to a solid foundation for inclusive development. Although development has not moved forward as quickly as hoped, substantial progress has been made. Public finance and key institutions have been rebuilt; crucial transport facilities have been restored; and hospitals, schools, and universities are operating. The debilitating burden of massive external debt has been eliminated. Although the government deserves most of the credit, this success would not have been possible without external development and security partners, including the World Bank Group. Regarding outcomes, the rebuilding of public institutions has seen substantial progress, with important achievements in restoring public finances and reforming the civil service. Regarding the rehabilitation of infrastructure, the World Bank Group has helped improve the conditions of roads, ports, power supply, and water and sanitation. However, World Bank Group financial support has been relatively modest with regard to facilitating growth, but it has helped with policy advice and in filling gaps left by other partners. With regard to the three cross-cutting themes of Bank Group strategy, some effective programs were carried out, including capacity development at several core public finance-related agencies. However, the integration of these themes across World Bank Group interventions, which was the underlying intent, still needs a vision and better articulated strategy. Finally, the Bank and the International Monetary Fund led efforts to reduce Liberia's inherited external debt burden under the enhanced Highly-Indebted Poor Country Initiative and the Multi-lateral Debt Relief Initiative mechanisms. Most development partners have faced the task of transitioning from support for emergency reconstruction to support for sustained development. This is a significant challenge for the World Bank Group, coming at a time when the dynamism which characterized its emergency support is widely perceived to be abating. Although the evaluation is in broad agreement with the approach of the Liberia program, two issues merit greater attention: (i) the stewardship of natural resources, including the need to systematically enhance the quality of governance across the value chain of resources- with the overarching goal of sharing the benefits among all Liberians; (ii) the need to create job opportunities, especially among youth, and to address the pervasive unemployment/ underemployment problem. Finally, there is a need to improve the investment climate.

Liberia -- Economic conditions -- 2003 -. --- Liberia -- Economic policy. --- World Bank -- Liberia. --- Business & Economics --- Economic History --- Economic development projects --- Evaluation. --- World Bank (Liberia) --- Liberia --- Economic conditions --- Economic policy. --- Interim Government of National Unity (Liberia) --- IGNU --- Republic of Liberia --- Liberië --- Republiek van Liberië --- Republica de Liberia --- Liberiya --- Liberiya Respublikası --- Ліберыя --- Liberyi︠a︡ --- Libirya --- Liberija --- Republika Liberija --- Либерия --- Liberii︠a︡ --- Република Либерия --- Republika Liberii︠a︡ --- Gweriniaeth Liberia --- Republik Liberia --- Libeeria --- Libeeria Vabariik --- Λιβερία --- Liveria --- Δημοκρατια της Λιβεριας --- Dēmokratia tēs Liverias --- Liberio --- Liberiako Errepublika --- République du Liberia --- Libearia --- Labiriyaa --- Libéir --- Laibeer --- Pobblaght ny Laibeer --- Libèiria --- Poblachd Libèiria --- Lýðveldið Líbería --- Repubblica di Liberia --- ליבריה --- Liberyah --- רפובליקת ליבריה --- Republiḳat Liberyah --- 利比里亚 --- Libiliya --- Либерия республика --- Liberii︠a︡ respublika --- Liberi --- Liberya --- Komara Lîberyayê --- Либери --- Libērijas Republika --- Liberijos Respublika --- Libeïa --- Republíki ya Liberia --- Libériai Köztársaság --- Либерија --- Република Либерија --- Liberja --- Tlācatlahtohcāyōtl Liberia --- Republiek Liberia --- Reppubliek Liberië --- リベリア --- Riberia --- リベリア共和国 --- Riberia Kyōwakoku --- IGNU (Liberia)

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Liberia is making great strides to recover from its recent era of conflict and reestablish itself as a global competitor. Central to Liberia's economic growth is its rich endowment of natural resource such as iron ore and rubber. Liberia's natural resources have defined, in large part, the country's engagement with the private sector. However, the Government of Liberia is now exploring new ways to partner with the private sector with the objective of growing the economy. One method is by developing public-private partnerships (PPPs) in core infrastructure and social services. This Study examin

Concessions -- Liberia. --- Infrastructure (Economics) -- Liberia. --- Liberia -- Economic policy. --- Public-private sector cooperation -- Liberia. --- Public-private sector cooperation --- Concessions --- Infrastructure (Economics) --- Management --- Business & Economics --- Industrial Management --- Liberia --- Economic policy. --- Capital, Social (Economics) --- Economic infrastructure --- Social capital (Economics) --- Social infrastructure --- Social overhead capital --- Private-public partnerships --- Private-public sector cooperation --- Public-private partnerships --- Public-private sector collaboration --- Law and legislation --- Interim Government of National Unity (Liberia) --- IGNU --- Republic of Liberia --- Liberië --- Republiek van Liberië --- Republica de Liberia --- Liberiya --- Liberiya Respublikası --- Ліберыя --- Liberyi︠a︡ --- Libirya --- Liberija --- Republika Liberija --- Либерия --- Liberii︠a︡ --- Република Либерия --- Republika Liberii︠a︡ --- Gweriniaeth Liberia --- Republik Liberia --- Libeeria --- Libeeria Vabariik --- Λιβερία --- Liveria --- Δημοκρατια της Λιβεριας --- Dēmokratia tēs Liverias --- Liberio --- Liberiako Errepublika --- République du Liberia --- Libearia --- Labiriyaa --- Libéir --- Laibeer --- Pobblaght ny Laibeer --- Libèiria --- Poblachd Libèiria --- Lýðveldið Líbería --- Repubblica di Liberia --- ליבריה --- Liberyah --- רפובליקת ליבריה --- Republiḳat Liberyah --- 利比里亚 --- Libiliya --- Либерия республика --- Liberii︠a︡ respublika --- Liberi --- Liberya --- Komara Lîberyayê --- Либери --- Libērijas Republika --- Liberijos Respublika --- Libeïa --- Republíki ya Liberia --- Libériai Köztársaság --- Либерија --- Република Либерија --- Liberja --- Tlācatlahtohcāyōtl Liberia --- Republiek Liberia --- Reppubliek Liberië --- リベリア --- Riberia --- リベリア共和国 --- Riberia Kyōwakoku --- Economic development --- Human settlements --- Public goods --- Public works --- Capital --- Administrative law --- Licenses --- Municipal franchises --- Cooperation --- IGNU (Liberia)

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At the request of the Government of Liberia (GoL), the IMF Fiscal Affairs Department (FAD) led an external assessment of the central government’s public financial management (PFM) systems based on the Public Expenditure and Financial Accountability (PEFA) methodology. The assessment was undertaken in close collaboration with the Ministry of Finance’s (MoF) PFM Reform Coordination Unit (RCU), with the participation of staff of the African Development Bank and the World Bank, and with financial support from the European Union and Sida. The assessment examines progress since the PEFA assessment of 2007 and provides a renewed baseline for monitoring progress in PFM reform and for supporting the GoL in refining, where necessary, the current PFM reform strategy. The assessment snapshot date was April 23, 2012. The report was reviewed by the GoL, the PEFA Secretariat, a donor reference group, and FAD, the latter being at the same time responsible for quality assurance.

Finance, Public --- Economic development --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Cameralistics --- Public finance --- Public finances --- Currency question --- Accounting --- International Monetary Fund --- Internationaal monetair fonds --- International monetary fund --- Liberia --- Dēmokratia tēs Liverias --- Gweriniaeth Liberia --- IGNU (Liberia) --- Interim Government of National Unity (Liberia) --- Komara Lîberyayê --- Labiriyaa --- Laibeer --- Libearia --- Libeeria --- Libeeria Vabariik --- Libeïa --- Libéir --- Libèiria --- Liberi --- Libériai Köztársaság --- Liberiako Errepublika --- Liberië --- Liberii︠a︡ --- Liberii︠a︡ respublika --- Liberija --- Libērijas Republika --- Liberijos Respublika --- Liberio --- Liberiya --- Liberiya Respublikası --- Liberja --- Liberya --- Liberyah --- Liberyi︠a︡ --- Libiliya --- Libirya --- Liveria --- Lýðveldið Líbería --- Pobblaght ny Laibeer --- Poblachd Libèiria --- Reppubliek Liberië --- Repubblica di Liberia --- Republic of Liberia --- Republica de Liberia --- Republiek Liberia --- Republiek van Liberië --- Republik Liberia --- Republika Liberii︠a︡ --- Republika Liberija --- Republiḳat Liberyah --- Republíki ya Liberia --- République du Liberia --- Riberia --- Riberia Kyōwakoku --- Tlācatlahtohcāyōtl Liberia --- Δημοκρατια της Λιβεριας --- Λιβερία --- Република Либерия --- Република Либерија --- Либери --- Либерия --- Либерия республика --- Либерија --- Ліберыя --- רפובליקת ליבריה --- ליבריה --- リベリア --- リベリア共和国 --- 利比里亚 --- Appropriations and expenditures. --- E-books --- Political Science --- Law, Politics & Government --- Public Finance --- Budgeting --- National Budget --- Budget Systems --- National Government Expenditures and Related Policies: General --- Public Administration --- Public Sector Accounting and Audits --- Taxation, Subsidies, and Revenue: General --- Budgeting & financial management --- Public finance & taxation --- Public finance accounting --- Budget planning and preparation --- Expenditure --- Fiscal accounting and reporting --- Public financial management (PFM) --- Revenue administration --- Budget --- Expenditures, Public --- Revenue