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Liberian Macroeconomic Policy Analysis Capacity Building Project (LIMPAC)

  • Project Name:
    Liberian Macroeconomic Policy Analysis Capacity Building Project (LIMPAC)
    Institution :
    Government of the Republic of Liberia
    • Core Competence:
      Economic Policy Analysis and Management
    Project Region :
    West & Central Africa
    Country :
    Liberia
    Status :
    Closed
    Grant Number :
    187
    Grant Amount (USD):
    1 800 000
    Commitment Date:
    2007
    Closing Date:
    2011
    Introduction:

    As far back as November 1998, the Foundation approved a grant of US$1,800,000 to the Government of Liberia for the Liberian Macroeconomic Policy Analysis Capacity Building Project (LIMPAC). However, due to the conflict which then ensured for most of the period between 1998 and 2003, the project could not be implemented. Since the signing of the Comprehensive Peace Agreement in Accra in 2003, Liberia has been relatively peaceful and stable.Democratic elections were held in 2004 and a new government was inaugurated in January 2006. There has been renewed interest in LIMPAC and the GOL made a request to the ACBF for a re-appraisal of the Project. In July 2006, an ACBF mission undertook the re-appraisal process. A stakeholder meeting was jointly arranged by the Ministry of Planning and Economic Affairs and the ACBF team.  

    Project Description:

    The main goal of the Liberian Macroeconomic Policy Analysis Capacity Building Project (LIMPAC) was to improve the Government of Liberia’s capacity in macroeconomic policy analysis, formulation and management. LIMPAC sought to improve macroeconomic capacity so that in the Government of Liberia could formulate appropriate macroeconomic policy framework and reform programs. 

Thomas Kwesi Quartey

ACBF has been granted the status of a specialized agency because of the potential to transform Africa through capacity development.
H.E. Thomas Kwesi Quartey, Deputy Chairperson, AU Commission
Erastus Mwencha

The recognition of ACBF as the African Union’s Specialized Agency for Capacity Development launches the beginning of a new era for capacity building by ACBF, which will require an appropriate level of political commitment and financial support from all stakeholders.
H.E. Erastus Mwencha, Chair, ACBF Executive Board
Lamin Momodou

The remarkable achievements ACBF has registered over the past 26 years is not by accident in our opinion. They have come through hard work, dedication, commitment, purposeful leadership, support from the member countries as well as productive partnership building.
Mr. Lamin Momodou MANNEH, Director, UNDP Regional Service Centre for Africa
Goodall Gondwe

Africa needs ACBF as much, probably more now, than at the time it was created in 1991.
Hon. Goodall Gondwe, former Chair of the ACBF Board of Governors and Minister of Finance – Malawi
Ken Ofori Atta

Ghana’s partnership with ACBF is a tremendous blessing for us and therefore the opportunity for Ghana to host the 26th ACBF Board of Governors Meeting is something that we treasure.
Hon Ken Ofori Atta, Chair of the ACBF Board of Governors and Minister of Finance - Ghana
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