Liberia: World Bank/GoL Sign US36.7 Million Forestry Deal

Apr 27, 2016 | Joe Abban, New Dawn
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The World Bank and the Government of Liberia Wednesday signed a US$36.7 million grant from the Government of Norway to support the country’s efforts to improve the integrated management of targeted forest landscapes and increase the sharing of benefits. The Liberia Forest Sector Project (LFSP) is the culmination of 10 years of World Bank engagement and is the first project signed under the Bank’s Forest Action Plan launched in April 2016. The project marks Liberia’s will to take informed risk in the forest sector to maximize its contribution to the country’s economy, poverty alleviation, job creation and growth. It will support the country’s transition from commercial management of forests to one that integrates conservation and community-driven management.