Monrovia- December 12, 2025: Finance and Growth Planning Minister Augustine Kpehe Ngafuan has patted President Joseph Boakai on the again for what he termed his ‘visionary management’ following the nation’s admission into the following part of negotiations for a second U.S. Millennium Problem Company (MCC) Compact.
He mentioned such transfer, two years into President management, is nothing in need of a nationwide blessing, one he attributes to onerous work, religion, and “a visionary management of President Joseph Nyuma Boakai.”
He informed reporters Thursday after receiving an official communication from the MCC’s Head of Compact Operations for Africa late Wednesday evening.
Minister Ngafuan mentioned the announcement left him “elated” and “ecstatic,” noting that Liberia had “reached a degree many thought not possible.”
“Once I obtained the e-mail round 10:30 p.m., I felt that God loves Liberia,” he mentioned. “That is the results of the President’s management, the onerous work of the group right here, and the dedication of the Liberian folks.”
Minister Ngafuan harassed that the MCC’s investments have direct impression on on a regular basis life significantly by way of power enlargement, which he known as “the engine of the personal sector.”
He reminded the general public that Liberia’s first MCC Compact in 2015 delivered US$257 million, largely used to rehabilitate the Mount Espresso Hydropower Plant, which right now powers components of Monrovia.
With nationwide power entry nonetheless at 33%, the federal government goals below its newly accomplished Liberia Power Compact to extend entry to 75% inside 5 years whereas lowering the price of electrical energy.
“If energy turns into reasonably priced, companies turn out to be worthwhile. When companies get worthwhile, they increase. After they increase, they rent,” the minister defined.
“That is how improvement touches the abnormal man in Voinjama or Lougatuo.” He emphasised that MCC funding comes as grants, not loans, not like different multilateral financing that will increase Liberia’s debt burden.
Although the precise quantity of the second compact is but to be introduced, Minister Ngafuan confirmed consultations start instantly.
“Some persons are saying $300 million, some $500 million. It might be above or under $500 million,” he famous. “The ultimate determine depends upon the initiatives we agree on within the coming days.”
Based on the minister, MCC assessments as soon as once more recognized power and street infrastructure as prime constraints to development. Liberia is already aligning its funds to sign these priorities-allocating $100 million to power and roads from projected income will increase.
He pointed to enhancements in street connectivity, particularly within the southeast, as the explanation meals costs have stabilized and inflation dropped under 5% final month.
“No person asks for celebration ID playing cards to make use of roads or to get electrical energy,” Minister Ngafuan indicated. He added, “Growth is how we unite the nation.”
Minister Ngafuan revealed that Liberia’s progress got here regardless of main shifts in U.S. international help priorities below President Donald Trump.
The MCC elevated its scorecard indicators from 20 to 22 and doubled its “onerous hurdles”-corruption and now freedom. Failing both routinely disqualifies a rustic.
“Liberia handed each onerous hurdles and 12 of the 22 indicators,” the minister mentioned proudly. Some huge nations in our area didn’t cross. Sixteen have been dropped. Liberia made it.”
He credited this success to the credibility and negotiating posture of President Boakai’s administration: “We’ve a frontrunner who doesn’t speak a lot however works onerous. The People noticed a reputable, competent, visionary authorities.”
The federal government he asserted will meet MCC officers right now through Zoom to start formal discussions on undertaking scoping and funding ranges.
Ngafuan urged residents to stay affected person as the method unfolds saying, “Some challenges we met weren’t at zero, they have been under zero,” the Finance Minister disclosed.
“Getting again to zero takes effort. However we’re transferring into optimistic territory.” He ended with a message of unity and gratitude: “That is Liberia’s victory. We labored collectively throughout ministries, companions, and the Liberian folks. And God loves Liberia.”
