Monrovia- Liberia has been reaffirmed for eligibility for a second Millennium Problem Company (MCC) Compact, marking a significant milestone within the nation’s pursuit of sustainable improvement and good governance.
The announcement comes as a direct reflection of President Joseph Nyuma Boakai, Sr.’s unwavering dedication to fiscal self-discipline, transparency, and a transformative improvement agenda that has sought to strengthen Liberia’s financial and social infrastructure.
In a social media submit, Finance and Growth Planning Minister Augustine Kpehe Ngafuan expressed satisfaction within the authorities’s achievement. “It has been an extended and bumpy journey, however we by no means misplaced religion. We labored arduous, and we now have delivered for the president and the folks of Liberia,” Minister Ngafuan stated.
Liberia’s first MCC Compact, signed underneath former President Ellen Johnson Sirleaf, was a five-year, $257 million settlement that mixed infrastructure investments with coverage and institutional reforms
. The Compact was designed to modernize the nation’s energy sector and strengthen its street upkeep programs, laying a powerful basis for Liberia’s improvement and governance reforms.
The reaffirmation for a second Compact underneath President Boakai alerts continuity and additional worldwide confidence in Liberia’s reform agenda.
The Millennium Problem Company, a U.S. overseas support company, grants Compacts to international locations that display sturdy governance, financial freedom, and investments of their residents’ well-being. Liberia’s reaffirmation opens the door for added funding aimed toward crucial sectors equivalent to infrastructure, well being, training, and personal sector improvement.
Observers say the profitable reaffirmation can also be a testomony to Minister Ngafuan’s efficient coordination of presidency efforts, guaranteeing that Liberia met the rigorous MCC necessities. His function in aligning fiscal insurance policies, enhancing transparency, and selling accountability was pivotal in securing the Compact.
“That is greater than only a monetary achievement,” stated a senior authorities official. “It’s a recognition that Liberia is heading in the right direction in governance and improvement, and that the world sees the nation as a reputable associate.”
