Liberia is Africa's oldest republic. In the 1990s it suffered a long-running, ruinous civil war and also become involved in a rebellion in neighbouring Sierra Leone. Around 250,000 people were killed in Liberia's civil war and many thousands more fled the fighting. The conflict left the country in economic ruin and overrun with weapons. The capital remains without mains, electricity and running water. Corruption is rife and unemployment and illiteracy are endemic. In the 2013 Human Development Report, Liberia was ranked 174 out of 187 countries.
How We Are Helping?
UNCDF is helping Liberia to meet its development challenges through the Liberia Decentralization and Local Development (LDLD) programme, which aims to improve local service delivery and strengthen poverty reduction, while promoting the Liberian Government’s decentralization strategy. The programme is jointly supported by UNCDF, UNDP, the European Commission and the Government of Liberia.
UNCDF is also supporting the Government of Liberia in developing a financial sector that will provide sustainable access to a broad range of financial services for poor and low-income people and for small and micro enterprises. The first phase of this support, a programme called Launch of an Inclusive Financial sector in Liberia (2005-2009), provided the capacity building and capital assistance to financial services providers, the Central Bank and the others stakeholders to facilitate the launch of a competitive and sustainable inclusive financial sector. One of the main results achieved during the first phase was the formulation of the National Strategy for Financial Inclusion.
The second phase of the programme (2009-2013) aims to support the implementation of the national strategy through strategic intervention at the three sector levels: macro (policy), meso (industry infrastructure) and micro (retail levels). This programme is jointly supported by UNCDF, UNDP and DANIDA.