Representatives of Liberia and the EU have met to review progress towards implementation of their Voluntary Partnership Agreement (VPA), which aims to ensure Liberia exports only legal timber products to the EU. The Liberia-EU VPA Joint Implementation Committee (JIC) met for the 3rd time on 20-22 January in Monrovia. The JIC is the body established to oversee the implementation of the agreement.
The European Union (EU) has signed two Financing Agreements with the Government of Liberia for projects totalling almost USD 64 million in the key sectors of electricity and institutional capacity in aid management. The EU has also confirmed an additional USD 34 million in grant funding as part of its ongoing budget support programme.