The African Development Bank has firmly rejected claims that its financial support to Liberia was contingent on the country adopting a carbon trading policy. In a statement, the Bank clarified that its recent financing package focused on fiscal sustainability and governance in the mining sector, with no mention of carbon trading. “Carbon market trading decisions are for Liberia Government to make, on Liberia’s terms and timeline,” said Rees Mwasambili, the Bank’s country manager in Liberia, emphasizing that community voices and consent are central to its approach. Civil society groups welcomed the Bank’s position, arguing it removes pressure to rush a policy that could have long-term consequences for land rights, revenue sharing, and community ownership of carbon credits.

Nemenlah Cyrus Harmon reports in this social media Video. To read more about this story click this link: Liberia: African Development Bank Weighs Into Carbon Trading Debate Rejecting Government Claim that a Policy Was Linked to Bank Support – FrontPage Africa Online

This story was produced in collaboration with New Narratives as part of the Investigating Liberia Project. Funding was provided by the Swedish International Development Cooperation Agency. The funders had no say in the story’s content.