Liberia and the United States this week signed a $257 million Millennium Challenge Corporation Compact in Washington. Liberian Vice President Joseph Boakai and Planning and Economic Affairs Minister Amara Konneh participated in the ceremonial signing at the State Department on behalf of the Liberian government.
The agreement highlights the United States’ re-engagement with Liberia in its post-Ebola recovery, and will focus on hydropower generation, electricity sector reform and road maintenance sector reform.
“Besides the fact that this money coming into the country to benefit infrastructure, namely electricity and roads, it is very significant in that the compact is about governance, and it does underscore the fact that we are trying to do our best to put the right institutions in place,” Boakai said.
A release from Vice President Boakai’s office said the MCC, under the new compact, will fund the rehabilitation of the Mount Coffee Hydroelectric Plan, the development of a training center for electricians, an energy sector regulator and a nationwide road maintenance framework.
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