Monrovia-December 5, 2025: Vice President Hon. Jeremiah Kpan Koung, Sr. has held a high-level assembly with a joint Worldwide Finance Company (IFC) and World Financial institution delegation to debate accelerated investments in power, jobs, and private-sector improvement.
The delegation was led by Madam Nathalie Akon, IFC Division Director for West Africa, and Madam Georgia Wallen, World Financial institution Nation Supervisor. They had been accompanied by Mr. Kobina Daniel, IFC Resident Consultant; Mr. Bobby Musah and Mr. YoQuai Lavala of IFC.
Vice President Koung was joined by Mr. Prince Gbieu, Chief of Workers; Dr. Macdonald Metzger, Deputy Chief of Workers for Administration; and Mr. Richmond Neufville, Press Secretary.
Discussions targeted on fast-tracking photo voltaic and hydro investments, strengthening the authorized and regulatory framework for public-private partnerships (PPPs), constructing a structured platform for dialogue between authorities and the non-public sector, and making certain that Liberian-owned companies and staff are totally built-in into the nation’s development agenda.
Madam Akon outlined IFC’s near-term priorities in Liberia’s energy sector, together with a deliberate 10 MW solar-plus-battery facility and extra photo voltaic IPP tasks, alongside assist for grid extensions and deployment of good meters to scale back business losses and curb electrical energy theft. She additionally highlighted IFC’s “native champions” initiative to again high-potential Liberian corporations, notably in agriculture and fisheries, with funding and capability constructing.
“Power and personal funding should transfer collectively if Liberia is to succeed in its full potential,” Madam Akon stated. “IFC stands able to assist the Authorities of Liberia in bringing new photo voltaic capability on-line shortly, strengthening the grid, and serving to aggressive Liberian corporations scale up in key sectors like agribusiness and fisheries.”
The World Financial institution workforce supplied an replace on the 22 MW Scatec (SCATEC) photo voltaic venture, noting that web site clearance prices are anticipated to be underneath US$3 million and that the Financial institution is ready to finance this underneath an present operation as soon as a proper request is submitted. “The World Financial institution is able to transfer,” Madam Wallen burdened. “As soon as the Liberia Electrical energy Company requests the Ministry of Finance to transmit a proper letter to us, we are able to unlock funding for web site clearance so work can start on this dry season.”
Vice President Koung welcomed the replace and instructed his workforce to comply with up with the Liberia Electrical energy Company and the Ministry of Finance to make sure the request is submitted immediately.
He underscored that electrical energy is the muse of Liberia’s combat in opposition to poverty, linking energy entry on to market effectivity, family welfare, and investor confidence.
“With out electrical energy, all different investments have restricted impression,” Vice President Koung stated. “As we speak, households spend a big share of their revenue going to the market on daily basis as a result of they can not refrigerate meals. Farmers and market girls lose as a lot as half of their produce as a result of there is no such thing as a chilly storage. If we are able to repair power, we cut back waste, decrease prices for bizarre Liberians, and create the circumstances for factories, chilly rooms and processing vegetation to flourish.”
The Vice President famous the progress already made in increasing entry—together with a whole lot of 1000’s of recent connections in recent times and ongoing work on further photo voltaic IPPs and the deliberate 40 MW extension at Mount Espresso—whereas emphasizing the necessity to speed up supply, particularly throughout the dry season.
On private-sector reform, the IFC and World Financial institution groups proposed supporting the institution of a proper public-private dialogue platform.
Vice President Koung agreed on the significance of such a mechanism and acknowledged, “I’ll talk about this proposal with President Boakai in order that he can determine the place the platform must be hosted institutionally.”
The World Financial institution additionally reaffirmed its dedication to supporting the Ministry of Finance and Growth Planning with a contemporary PPP coverage and regulatory framework, in addition to capability constructing on transaction structuring.
Vice President Koung emphasised the necessity to assist indigenous Liberian entrepreneurs and highlighted the significance of vocational and technical coaching to organize Liberians for upcoming jobs in mining, ports, roads, fisheries, and power.
The assembly concluded with settlement on a number of concrete follow-up actions: the Liberia Electrical energy Company and the Ministry of Finance will transfer swiftly to submit the request wanted to unlock World Financial institution financing for Scatec web site clearance; IFC and the Authorities will proceed preparations for a photo voltaic IPP pipeline; discussions will proceed on the design and institutional residence of a brand new public-private dialogue platform; and improvement companions will have interaction with the Ministry of Finance on finalization of the draft PPP coverage.
Vice President Koung thanked Madam Akon, Madam Wallen, and their groups for his or her continued partnership and emphasised that Liberia is able to work carefully with the IFC and the World Financial institution to show commitments into measurable enhancements for the Liberian folks.
