The World Bank has approved a new financing to improve Liberia’s fisheries sector management and enhance the livelihoods of targeted beneficiaries and increase Government revenues.
The Liberia Sustainable Management of Fisheries Project (LSMFP), funded by the International Development Association (IDA) in the amount of $40 million ($20 million grant and $20 million credit), will improve conditions for fishermen and women, increase value addition for export, and help address economic vulnerability of the Liberian economy to climate change and vulnerability of food security.
The LSMFP will support the establishment of an industrial and an artisanal fish landing site at the Mesurado Pier in Monrovia, and other artisanal landing sites in Margibi, Maryland, Grand Bassa, Sinoe and Grand Kru counties. This project will also support Aquaculture development and strengthen management and governance of the fisheries sector in Liberia, developing human and institutional capacity, and improving policies, strategies, institutional and legal frameworks.
Read more:
https://www.worldbank.org/en/news/press-release/2021/09/22/new-project-to-improve-liberia-s-fisheries-sector-and-enhance-livelihoods-of-56-000-persons