The UNDP Private Sector Development and Natural Resources Governance Program is in consonance with Liberia’s vision for a private sector led growth plan. This is encapsulated in the Economic Transformation Pillar of the Agenda for Transformation.
UNDP, under its 2013 Country Programme seeks to support the Government of Liberia seeks to drive for sustainable Economic Transformation by rolling out a package of measures aimed at reducing obstacles to enterprise development. Other areas includes administrative and regulatory reform licensing, registration, taxation, regulatory compliance requirements and expanding access to services building on on-going assistance to microfinance institutions to expand the range and reach of inclusive finance to areas such as micro-insurance and leasing; effective natural resource management (NRM) and linking NRM to value-addition and jobs creation as well as focusing on reconciliation and consolidation of peace.
The UNDP Private Sector Development Programme focuses on a mix of upstream policy and regulatory interventions and downstream catalytic and transformational interventions which will facilitate inclusive and sustainable growth. The programme seeks to enhance Liberia’s competitive advantage by developing viable local businesses that can offer entry points to investors create jobs for its population and expand opportunities to promote more resilient local economies. The program will span over 5 years period January 2013 to December 2017. The specific program support to the Ministry of Commerce are to draft and enact Liberia competition law and support institutional arrangement for the reform functioning of the consumer Protection Unit and enhance consumer education, protection and awareness. Another key objective of the project is to support to the strengthening of the bureau of industry through provision the provision of logistics as well as assist the Ministry of Commerce and industry in engaging regional partners with regard to the harmonisation of trade laws and industry facilitation initiatives.