MONROVIA — Acknowledging delays in Liberia’s growth drive, Finance and Growth Planning Minister Augustine Kpehe Ngafuan has known as for accelerated motion throughout authorities, urging establishments to “double up” efforts to satisfy the administration’s real-time growth agenda.
By Emmanuel Weedee-Conway
Minister Ngafuan mentioned Liberia should transfer past incremental progress and undertake what he described as “strategic acceleration,” shifting from a gradual run to a dash to be able to overcome persistent growth bottlenecks.
He made the remarks on Thursday, February 5, 2026, throughout the official launch of two main reform initiatives in Monrovia: the Institutional Help for Enhanced Home Income Mobilization and Reform Implementation Mission (ISEDRMP), an estimated US$18.3 million financing package deal, and the Debt Possession Transparency Technical Help Mission (DOT-TAP), valued at US$1.3 million.
The tasks purpose to strengthen Liberia’s income assortment techniques, enhance governance reforms, and improve transparency in public debt and helpful possession.
In line with Minister Ngafuan, the initiatives will help 14 key establishments, together with the Ministry of Finance and Growth Planning (MFDP), Liberia Income Authority (LRA), Ministry of Gender, Kids and Social Safety, Environmental Safety Company (EPA), Liberia Nationwide Police (LNP), Liberia Drug Enforcement Company (LDEA), Ministry of Mines and Vitality, the Judiciary, Liberia Anti-Corruption Fee (LACC), Ministry of State, and the Liberia Immigration Service, amongst others.
He mentioned a serious focus of the reforms is the modernization of the Judiciary and the Presidential Supply Unit, aimed toward constructing institutional credibility, attracting funding, and strengthening oversight of public tasks.
The Finance Minister additionally disclosed that the federal government is pursuing aggressive debt administration, prioritizing the compensation of each home and exterior obligations to revive confidence, unlock private-sector financing, and keep worldwide belief.
“Our objective is disciplined, fast execution,” Ngafuan instructed the gathering. “By strengthening establishments and managing our US$2.8 billion debt, we will enhance investor confidence and empower the personal sector to drive nationwide growth.”
He careworn that the multi-sectoral push—masking infrastructure, healthcare, and finance—is designed to remodel the financial system and meet the fundamental aspirations of Liberians by sooner and extra accountable implementation.
Additionally talking on the launch, African Growth Financial institution (AfDB) Officer-in-Cost Nation Supervisor, Mr. Yussuf Bob Foday, mentioned the tasks mirror the Financial institution’s continued dedication to supporting Liberia’s fiscal stability, efficient governance, and inclusive financial progress.
Foday counseled the Authorities of Liberia for sustaining dialogue with stakeholders and demonstrating management in advancing vital reforms.
He defined that the 2 tasks will help reforms together with the digitization of tax assortment techniques, updates to mining sector insurance policies to cut back income leakages, modernization of judicial processes for prosecuting monetary crimes, strengthening anti-corruption establishments, improved debt administration capability, and the growth of digital helpful possession registration techniques.
In line with the AfDB official, these interventions are anticipated to curb illicit monetary flows, enhance tax compliance, and improve the capability of legislation enforcement and oversight establishments to implement monetary and tax legal guidelines.
The tasks align with Liberia’s ARREST Agenda, contributing to improved fiscal capability, transparency, public service supply, job creation, and elevated public belief in state establishments.
Foday disclosed that as of November 2025, Liberia’s lively AfDB portfolio comprised 15 tasks—10 nationwide and 5 regional—valued at US$314.77 million, with the transport sector accounting for 55 %, vitality 17 %, agriculture 11 %, and governance and social finance tasks 17 %.
He emphasised that Liberia’s growth future hinges on broadening the income base, strengthening tax administration, enhancing extractive sector governance, and guaranteeing transparency and accountability, reaffirming the AfDB’s dedication to supporting the nation’s sustainable progress agenda.
