CAPITOL HILL, Monrovia — President Joseph Nyuma Boakai has declared Liberia’s financial system resilient and on a stronger development path, saying a 5.1 p.c financial development charge in 2025, falling inflation, rising reserves, and document home income efficiency.
Delivering his State of the Nation Tackle on Monday, President Boakai informed lawmakers that disciplined fiscal administration, sound financial insurance policies, and stronger partnerships have begun restoring stability and confidence within the Liberian financial system.
“As of 2024, the financial system confirmed resilience, with regular development, declining inflation, stronger reserves, and renewed momentum throughout key sectors,” Boakai stated.
Progress Exceeds Forecasts, Inflation Drops Sharply
Based on the President, Liberia’s 5.1 p.c development in 2025 exceeded each the 4.6 p.c forecast and the 4.0 p.c development recorded in 2024, pushed largely by sturdy efficiency in mining, agriculture, fisheries, and providers.
Mining expanded by 17 p.c, whereas exports surged by 31.5 p.c to roughly US$2.1 billion.
Inflation, he disclosed, fell to 4 p.c by December 2025, the bottom degree in additional than twenty years, down from 10 p.c when his administration took workplace in 2024.
“These achievements sign efficient financial and monetary insurance policies,” the President stated.
Stronger Reserves, Secure Foreign money
President Boakai reported that gross worldwide reserves elevated from US$475 million in 2024 to US$576 million in 2025, whereas internet worldwide reserves exceeded IMF targets, doubtlessly reaching US$280 million by year-end.
Since September 2025, the international alternate market has remained steady, supported by fiscal self-discipline, improved liquidity administration, and powerful export earnings. The Liberian greenback appreciated by a minimum of 3 p.c towards the US greenback.
IMF Targets Met, Donor Help Reaffirmed
Boakai stated Liberia met practically all IMF Efficiency Standards in June 2025, reaffirming the federal government’s dedication to macroeconomic reforms below the Prolonged Credit score Facility (ECF).
Regardless of a pointy lower in donor help in mid-2025 that disrupted social and financial applications, the federal government instituted emergency fiscal controls and guarded spending in well being and schooling.
Reaffirmed donor commitments for 2025 totaled US$381 million, together with US$63 million in direct price range help, whereas 9 financing agreements price US$334.98 million have been concluded to help infrastructure, human capital, and pure useful resource administration.
File Home Income, Supplemental Finances Forward
Calling final 12 months’s donor shock a “wake-up name,” President Boakai stated the administration accelerated home income reforms, yielding historic outcomes.
For FY2025, complete income reached US$885.8 million, exceeding the goal by US$5.1 million, whereas home income alone hit US$847.7 million, the very best ever recorded in Liberia.
That determine represents a US$148 million improve over 2024, the most important single-year achieve within the nation’s historical past. Over two years, home income has risen by US$235.7 million.
On the again of the sturdy efficiency, Boakai introduced {that a} supplemental price range will probably be submitted to the Legislature subsequent month—the primary in a few years.
Debt, Spending, and Reforms
Public debt stood at US$2.8 billion as of December 2025, with US$1.2 billion in home debt and US$1.6 billion in exterior debt. The federal government paid US$120.1 million in debt service in 2025 and stays largely present on its obligations.
The President disclosed that reforms are underway, together with tighter tax exemptions, enactment of the Tax Expenditure Invoice, and preparations to implement a Worth-Added Tax (VAT) by 2027.
Funding Offers, Jobs, and Value-of-Dwelling Reduction
Boakai highlighted roughly US$4 billion in dedicated investments, together with agreements with ArcelorMittal Liberia and Ivanhoe for the Yekepa–Buchanan rail hall, alongside plans to reactivate the Putu Iron Ore Mine.
Within the vitality sector, eight new petroleum agreements signed in 2025 might appeal to US$800 million in funding.
On cost-of-living aid, the President stated costs of important commodities have eased, with 25kg baggage of rice promoting at US$14.50, flour at US$35 per 100lb, and gasoline stabilizing at round US$4 per gallon.
He warned companies towards worth exploitation, stating:
“Companies that exploit shoppers will probably be held accountable.”
Jobs and Outlook
The President reported that over 70,000 short- and medium-term jobs have been created in 2025, with the Youth Entrepreneurship and Funding Financial institution anticipated to help 30,000 youth-led companies, producing greater than 120,000 jobs.
Wanting forward, Boakai projected development above 5 p.c in 2026, with common development of about 6 p.c between 2026 and 2028, pushed by infrastructure funding, agriculture, and private-sector enlargement.
The President’s handle continues.
