The European Union (EU) has transferred into the revenue account of the Government of Liberia a non-reimbursable grant totalling EUR 6.25 million (nearly US$6.9 million) to support the nation amidst the fight against the coronavirus disease (COVID-19).
The grant arrived on May 29, a release issued here by the EU Delegation to Liberia disclosed.
The money provided is the third payment under the EU’s budget support program termed “Moving Liberia forward –Improve Service Delivery and Pubic Investment,” says the release.
It said disbursement of the payment follows a fast-track approval by the European Commission’s Director-General for International Cooperation and Development.
“Our Central Services in Brussels approved the disbursement of 6.25 million in record speed in the light of urgent needs caused by the COVID-19 pandemic,” the release quotes Ambassador Helene Cave, Head of the EU Delegation to Liberia, as saying.
“This is indeed very good news for Liberians,” she continued, hoping that this budget support will help the Government deal with the health and economic challenges and reduce the hardship of Liberians during the current state of emergency.
Last year, said Ambassador Cave, the government took two courageous and necessary steps reforming the government’s wage system and signing up to a program with the International Monetary Fund.
“I am very happy that the Liberia Anti-Corruption Agency checked that public officials correctly declared their assets and that the Liberia Revenue Authority raised outstanding money from forestry,” she added.
Ambassador Cave then expressed heartfelt thanks to the Liberian Government for the close cooperation with the EU which allowed for the rapid processing of the fund to support its COVID-19 fight.