Dans le but de strengthening Liberia's capacity for revenue collection and governance reforms, the Board of Directors of the African Development Fund (ADF), has approved $18.3 million in funding

The financing approved by the African Development Bank Group's Conventional Lending Window will be used to implement the Institutional Support Project for Improving Domestic Revenue Mobilization. It will also enable the implementation of reforms aimed at strengthening domestic revenue generation, improving public financial management systems, and promoting transparency and accountability, especially in the extractive industries sector.This financing consists of a $9.6 million loan from ADF-16, a $6.8 million loan from the Transition Support Facility and a contribution in nature of $1.9 million from the Liberian government

The Institutional Support Project builds on the Bank's previous successful governance programs, including the Integrated Public Financial Management Reform Projects, Phase I and II, which significantly strengthened Liberia's fiscal management systems. According to Yusuf Bob Foday, acting head of the African Development Bank for Liberia, “this project directly addresses Liberia's main fiscal, fiscal and governance challenges