MONROVIA – A high-powered Liberian delegation, led by Finance and Development Planning Minister Augustine Kpehe Ngafuan, engaged in productive discussions with a World Bank delegation at TICAD on Wednesday, August 20, 2025. The talks focused on scaling up support for private sector investments in Liberia, according to an official press release issued by the Finance Ministry.
The World Bank delegation was headed by Mr. Maktar Diop, Managing Director of the International Finance Corporation (IFC), the Bank’s private sector arm. Other senior officials present included Mr. Ethiopis Tafara, Regional Vice President for Africa at IFC, and Mr. Ousmane Diagana, Regional Vice President for Africa at the World Bank, alongside several other executives.
Liberian government delegates to the discussions included Foreign Minister Sara Beysolow Nyanti, Minister of Education Dr. Jarso Jallah, NIC Chairman Jeff Blibo, Commerce Minister Magdalene Dagoseh, Agriculture Minister Dr. J. Alexander Nuetah, Mines and Energy Minister Wilmot J. Paye, and NPA Managing Director Sekou Hussein Dukuly, among others.
The talks centered on the IFC’s plans to expand its support for private sector investments in Liberia through equity participation, with key sectors identified for growth including energy, agriculture, tourism, and financial services. The delegation also reviewed the World Bank’s existing portfolio in Liberia, which now has net commitments totaling nearly US$1 billion.
According to the press release, Liberian officials expressed appreciation for the increase in disbursements to World Bank projects, which has resulted from improved project delivery. Ministers highlighted the need to accelerate implementation of ongoing projects to pave the way for increased World Bank support for Liberia’s ARRREST Agenda, aimed at strengthening economic recovery and private sector development.
The meeting signals a deepening partnership between Liberia and the World Bank, with a clear focus on leveraging international financial support to drive investment, create jobs, and bolster critical sectors of the economy.
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