The International Finance Corporation (IFC) and the National Investment Commission sign a Cooperation Agreement under the Investment Promotion and Retention (IPP) Project
29 Jun 2023
On 27 June, the International Finance Corporation (IFC) and the National Investment Commission (NIC) of Liberia signed a cooperation agreement to advance the Investment Promotion and Retention (IPP) Project. The chairman of the NIC, Hon. Molewuleh B. Gray, signed on behalf of the Government of Liberia. Alexandra Celestin, Resident Representative for Liberia and Sierra Leone, signed on behalf of IFC.
IFC’s IPP Project aims to improve the general attractiveness of the business environment in Liberia to retain and generate private direct investment projects. The project will do this by strengthening the NIC’s capacity to facilitate new and expanded investments. At the same time, the project strives to prevent divestments by providing investors with impactful information and assistance while also ensuring proper management of their issues/grievances.
IFC and the NIC look forward to a productive, meaningful partnership to advance this important work.