By Lewis S. The
Monrovia, February 6, 2026 – The Authorities of Liberia, via the Ministry of Finance and Growth Planning (MFDP) and with the backing of the African Growth Financial institution (AfDB), formally launched two vital tasks: the Institutional Help for Enhanced Home Income Mobilization and Reform Implementation Challenge (ISEDRMP) and the Debt and Possession Transparency Help Challenge (DOT-TAP).
The initiatives are mentioned to be crucial steps in advancing the nation’s progress agenda and making certain sustainable growth.
The journey to launching these tasks started in February 2024 with the reconfirmation of Liberia’s Indicative Operation Program for ADF 16, as endorsed by then-Minister of Finance and Growth Planning, Boima Kamara.
This reaffirmation signaled Liberia’s dedication to fiscal reforms and mobilizing home sources. In Might and June 2024, two key AfDB missions additional refined the intervention areas for these tasks, setting the stage for his or her formalization.
The AfDB Board granted approval for ISEDRMP on December 6, 2024, adopted by the signing of the Mortgage Settlement on December 23, 2024, by the present Minister of Finance and Growth Planning, Augustine Kpehe Ngafuan. Recognizing the tasks’ strategic worth, President Joseph Nyumah Boakai offered the financing agreements to the Nationwide Legislature on February 12, 2025. After months of deliberation, the Legislature ratified the venture on December 4, 2025, and it was permitted by the President on December 10, 2025, earlier than being formally printed.
The ISEDRMP was initially scheduled to run from February 1, 2025, to April 29, 2029, a four-year interval meant to drive vital reform. Nevertheless, one 12 months of implementation time has already been misplaced, elevating the urgency for speedy motion.
Each ISEDRMP and DOT-TAP are designed to fill crucial institutional gaps and improve the federal government’s reform agenda underneath the ARREST Agenda for Inclusive Growth (AAID).
Finance Minister Augustine Okay. Ngafuan described the launch as a historic milestone, emphasizing the significance of swift execution.
He famous, “We proceed to ask for velocity as a result of once we connect velocity to our work, the federal government will succeed, and when the federal government succeeds, the lives of the residents will change, then the bread-and-butter difficulty might be solved. This venture we’re launching right here right this moment will assist our sector ministries and businesses improve their budgets, amongst different issues.”
Each tasks are funded by the AfDB and might be applied by the Ministry of Finance and Growth Planning in partnership with a number of beneficiary establishments. The first goal is to enhance Liberia’s capability to mobilize home income, strengthen compliance mechanisms, and improve transparency concerning debt and possession, key measures to assist sound fiscal administration and governance.
ISEDRMP, financed via an AfDB mortgage, focuses particularly on constructing the nation’s capability to lift extra home income and implement crucial fiscal and tax reforms. The venture encompasses two core parts and 5 subcomponents, structured to fortify Liberia’s public finance ecosystem.
There are 14 essential Ministries, Companies, and Commissions (MACs) benefiting from the venture are: Ministry of Finance and Growth Planning (MFDP), Ministry of Gender, Kids and Social Safety (MGCSP), Environmental Safety Company (EPA), Liberia Income Authority (LRA), Liberia Nationwide Police (LNP), Liberia Drug Enforcement Company (LDEA), Monetary Intelligence Company (FIA), Ministry of Mines and Power (MME), Liberia Extractive Industries Transparency Initiative (LEITI), Liberia Anti-Corruption Fee (LACC), The Judiciary, Ministry of Labour (MoL) and Liberia Immigration Service (LIS).
The launch of ISEDRMP and DOT-TAP represents a big leap ahead in Liberia’s pursuit of fiscal and institutional reform. By supporting key authorities businesses and strengthening income mobilization, these tasks intention to boost service supply, improve company budgets, and deal with longstanding “bread-and-butter” points affecting on a regular basis Liberians.
Along with boosting home useful resource mobilization, the deal with debt and transparency of possession is predicted to construct public belief and appeal to additional funding, thereby laying a powerful basis for sustainable financial progress underneath the ARREST Agenda for Inclusive Growth.
