Liberia: Climate Policy Diagnostic

Climate-related risks are macro-critical considerations for Liberia. This Climate Policy Diagnostic identifies policy reforms that reduce balance of payment risks, boost fiscal resilience, and generate positive climate outcomes. A comprehensive reform agenda is needed to promote water and food security, and a robust package of fiscal policies is key to accelerating energy access and transition. While efficient disaster risk management and financing will save lives and build economic resilience, sustainable forestry and land-use are vital to livelihoods and can be supported by good fiscal policies. Stronger climate governance would help streamline climate policy implementation and reduce costs toward building resilience. In addition, strategic mobilization of climate finance and leveraging the private sector are crucial to closing the financing gap.