News Column

World Bank Relocates Offices

June 18, 2014

Bridgett Milton

The World Bank has relocated its offices to oldest Congo town, the progress of transitioning from a smaller and crammed facility at Mamba point to a bigger facility. At a program held Tuesday at its new office in Congo town, Foreign Minister Augustine Ngafuan, appreciated the Manager of the World Bank, Mrs. Inguna Dabraja, and the entire management for its significant development.

Minister Ngafuan said the ceremony was significant in many respects firstly, the establishment of a new and better office complex in Liberia by the Bank represents a huge vote of confidence in Liberia's future, and secondly, the World Bank has been with Liberia from the beginning and has remained there in thick and thin.

"The World Bank was the biggest partner that assisted us in crafting our development framework; besides helping to craft our development frameworks, the World Bank has been one of our biggest donors, funding critical interventions in practically all sectors of our country", Minister Ngafuan noted.

He said the Bank has contributed to the rebuilding of critical infrastructure, including paving of Monrovia streets under the URIRP project as well as contributed half of the funds which enable the Liberian Government to clear commercial debts of over 1billion dollars through debt buybacks.

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Source: AllAfrica

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