Recovery of Economic Activity for Liberian Informal Sector Employment Project

The development objective of the Recovery of Economic Activity for Liberian Informal Sector Employment Project for Liberia is to increase access to income earning opportunities for the vulnerable in the informal sector in response to the Coronavirus disease (COVID-19) crisis in Liberia. The project comprises of four components. The first component, grant support to vulnerable households to revive or start small businesses will protect livelihoods by providing support to small businesses that will likely have survived had COVID-19 not struck, and that can be expected to continue to provide livelihoods once the pandemic has passed. The second component, temporary employment support and employability development for vulnerable workers will provide temporary employment and employability development for vulnerable workers struggling to find gainful employment and opportunities during and after the COVID-19 crisis through community-based public works activities. The third component will finance capacity building and project implementation and coordination. It consists of following sub-components: (i) capacity building and project implementation and coordination for Ministry of Youth and Sports (MYS); and (ii) capacity building and project implementation and coordination for Liberia Agency for Community Empowerment (LACE). The fourth component, contingent emergency response component (CERC) will be a provisional zero-value CERC to allow for rapid reallocation of loan proceeds from other project components during an emergency.