Liberia is calling in ECOWAS and other developmental partners for more transformative projects that will align with its development roadmap, the ARREST Agenda for Inclusive Development.
Monrovia, Liberia, October 25, 2025 – Finance and Development Planning Minister Augustine Ngafuan invites the ECOWAS Bank for Investment and Development (EBID) and other development partners to Liberia for more transformative projects that will align with the country’s national development plan, the ARREST Agenda for Inclusive Development (AAID)
Minister Ngafuan says Liberia is committed to more transformative projects that align with AAID.
He made the request during a meeting with Dr. George Agyekum Donkor, the president of the ECOWAS Bank for Investment and Development (EBID), on the sidelines of the 2024 Annual Meetings of the World Bank and the International Monetary Fund.
Ngafuan assures that, as Minister of Finance and Development Planning, he will play a leading role in restoring the confidence of all development partners in Liberia.
He notes that when confidence is restored, all development partners, including the EBID, will have an opportunity to contribute to Liberia’s development agenda, which will impact citizens across all sectors of the economy.
“However, for me, the first claims on revenue are to pay debt to unlock transformative projects. Liberia’s resource envelope is small, but I am fighting a constructive fight to spend wisely and credibly.
So, in the context of going forward, we will engage all of our development partners to build more trust, confidence, and commitment to drive development across the country.”
He thanks the EBID President and officials for their commitment and work in Liberia, saying, “Let me thank you and your team for all you have done in Liberia.”
He notes that the ECOWAS Bank for Investment and Development is doing good work across the region, but it needs to do more to increase Liberia’s quotas in all international organizations.
In response, the President of the ECOWAS Bank, Dr. George Agyekum Donkor, lauds Minister Ngafuan for the effort and commitment to strengthening the relationship and called for a more collaborative partnership.
He says the Bank is committed to re-engaging with Liberia to raise funding for development programs here.
“It is important that we re-engage with Liberia and start to settle up standing issues to drive Liberia’s growth”, he said, adding, “We appreciate your cooperation and look forward to a more robust partnership to invest in Liberia.”
Dr. Donkor says the EBID is ready to reach Liberia and work with the country’s development agenda for mutual cooperation. Editing by Jonathan Browne
