Concept Program Information Document (PID) (English)

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Table of Contents

• The World Bank 1
• The World Bank 2
• BASIC INFORMATION 2
• A. Basic Project Data 2
• Proposed Development Objectives 2
• Financing US Millions 2
• Maximizing Finance for Development 2
• Is this an MFD-Enabling Project MFD-EP 2
• Is this project Private Capital Enabling PCE 2
• SUMMARY 2
• Total Financing 60.00 2
• DETAILS 2
• Total World Bank Group Financing 60.00 2
• The World Bank 3
• B. Introduction and Context Liberia continues to face complex development challenges including a high reliance on global commodity 3
• This development policy financing operation with a Catastrophe Deferred Drawdown Option CAT DDO the 3
• The World Bank 4
• The proposed operation is aligned with the World Banks Liberia CPF for FY19-24 and the adjustments 4
• C. Proposed Development Objectives 4
• The proposed operation supports the Government of Liberas GoL efforts to restore macroeconomic stability 4
• D. Concept Description 4
• This development policy financing operation is the first in a proposed programmatic series of three. 4
• The three prior actions under pillar one focus on strengthening fiscal resilience. 4
• The three prior actions in pillar two focus on enhancing financial inclusion cybersecurity and education quality. 4
• The World Bank 5
• The five prior actions in pillar three focus on improving access to justice for women and climate and disaster 5
• E. Poverty and Social Impacts and Environmental Forests and Other Natural Resource Aspects 5
• The proposed reforms aim to reduce medium- to long-term poverty by creating fiscal space managing climate 5
• The policy measures supported by this operation are expected to positively impact Liberias environment 5
• CONTACT POINT 5
• World Bank 5
• The World Bank 6
• BorrowerClientRecipient 6
• Ministry of Finance and Development Planning 6
• Implementing Agencies 6
• Central Bank of Liberia 6
• FOR MORE INFORMATION CONTACT 6
• APPROVAL 6
• Approved By 6