Early Warning System

Regions

Africa

Geographic location where the impacts of the investment may be experienced.

Countries

Liberia

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

African Development Bank (AFDB)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Dec 5, 2024

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Government of Liberia - Ministry of Finance and Development Planning

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Finance
Law and Government

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 16.46 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Bank Documents

Appraisal Report

Primary Source

Original disclosure @ AFDB website

Updated in EWS Jun 8, 2025

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Can you contribute information about this project?
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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the overarching development objective of the project is to strengthen domestic revenue capacity. More specifically, the project aims to: i) strengthen gender-sensitive tax policy, ii) improve tax administration, iii) strengthen governance of the mining sector, iv) increase transparency, accountability and reduce FFIs. Achieving these objectives will help improve public service delivery, increase confidence in institutions, strengthen the social contract and broaden the tax base to finance climate action.

Direct beneficiaries will be the Ministry of Finance and Development Planning (MFDP), notably its Revenue and Fiscal Policy Division, the Liberia Revenue Authority (LRA), the Supreme Court of Liberia, the Ministries of Justice (MoJ), Mines and Energy (MME), Labor (MoL), Gender, Children and Social Protection (MGCSP), the Presidential Enforcement Cell (PEC) ; Liberia Immigration Services (LIS), Liberia Drug Enforcement Agency (LDEA), Liberia National Police (LNP), Financial Intelligence Agency (FIA), Environmental Protection Agency (EPA), LEITI and Liberia Anti-Corruption Commission (LACC). Indirect beneficiaries will be the entire Liberian population, including women and young people, through the reduction of gender disparities and the promotion of employment in the mining sector. The additional domestic revenues generated will enable the Liberian government to better deliver public services.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Environmental Category: [3] Low Risk

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

African Development Bank (AFDB)

Finance Type: Standard loan
Commitments (UA): 12,382,910
Conversion Rate USD (2024-12-05): 1,32974

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Romulo CUNHA CORREA
Governance Officer, ECGF1
African Development Bank
r.correa@afdb.org
www.afdb.org