The Systematic Country Diagnostics (SCD) consultation, which is aimed at addressing the constraints and pathways for achieving the twin goals of eradicating extreme poverty and boosting shared prosperity, has been launched by the World Bank Group’s Liberia office.
The SCD looks at a range of issues in a particular country, and seeks to identify barriers to and/or opportunities for sustainable poverty reduction and shared prosperity.
With this consultation, according to the World Bank Liberia Country Manager, Madam Larisa Leshchenko, “we aim to receive feedback from a variety of stakeholders to improve and streamline the SCD process.”
She noted that the achievement and recommendation process of the SCD will assist the bank in formulating its Country Partnership Framework (CPF).
Madam Leshchenko, who briefed the media on the outcome of the recent World Bank and International Monetary Fund (IMF) Spring Meetings in Washington DC, United States yesterday, said the CPF, which will be built on the availability of resources, will guide the bank’s engagement with Liberia over the next five to seven years.
“Our consultations started in Ganta, Nimba County last week Friday, where we brought together civil society organizations, academia and the private sector. These groups are critical in forming the development of our CPF.
“We later moved on to Buchanan, Grand Bassa County. We are now in Monrovia with similar groups, including the government and development partners,” she said.
According to her, inputs from partners of the bank will help identify problems affecting growth and contributing to poverty in the country.
“So for each country, the World Bank group is doing this diagnostics to identify the major constraints that do not allow having a good progress towards these goals.
“Now, this team has already identified these constraints to the best of their knowledge and now the consultations are about feedbacks to help us understand what the team identified and what is the best way, or recommendation in the right way.”
On the outcome of the recent World Bank and IMF meetings, Madam Leshchenko said the bank has good news for fragile and conflict affected states in Africa.
Under the International Development Association (IDA), which will come into effect soon (July 18), she said there are new opportunities for lending through the private sector development window.
In the next IDA cycle, she said, there will be a major focus on growth, jobs, skills, basically boosting economic growth relevant to Liberia. “Lots of emphasis will be placed on agriculture and energy,” she added.