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Mauritanian Sidi  Ould Tah Elected President of the AfDB. 

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Abidjan - The Board of Governors of the African Development Bank (AfDB) comprising Ministers of Finance or their alternates of the 81 member states of the AfDB has just elected Mr. Sidi Ould Tah, a former Finance Minister of Mauritania and current President of the Arab Bank for Economic Development in Africa (BADEA), as the new President for the AfDB for a 5-year term starting September 1, 2025. Mr. Tah replaces Dr. Akinwumi Adesina, a Nigerian, who served the bank as President for two terms beginning in September 2015.
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Liberia’s Finance Minister Elected Chair of African Development Bank Constituency 15 as Executive Director Darkortey Successfully Ends Tenure

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Abidjan, Côte d’Ivoire – Liberia’s Minister of Finance and Development Planning, Hon. Augustine Kpehe Ngafuan has been elected Chair of Constituency 15 of the African Development Bank (AfDB), a regional grouping that includes Liberia, Ghana, The Gambia, Sierra Leone, and Sudan.

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  191 Hits

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𝐀𝐛𝐢𝐝𝐣𝐚𝐧- The Minister of Finance and Development Planning, Hon. Augustine Kpehe Ngafuan, has departed Liberia at the head of a high-level delegation to participate in the 2025 Annual Meetings of the African Development Bank (AfDB), to be held in Abidjan, Côte d'Ivoire from May 26 to 30.

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  227 Hits

Minister Barchue Urges Greater Capacity Building & Sensitization on ARREST Agenda as Local Development Efforts Intensify

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Sanniquellie, Nimba County – Liberia’s Assistant Minister for Development Planning at the Ministry of Finance and Development Planning (MFDP), J. Wellington Barchue,I has called for increased public capacity building and sensitization on the ARREST Agenda for Inclusive Development (AAID), as the government strengthens its push to improve the implementation of local and global development goals.

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  212 Hits

Liberia to Build 100 New Schools in 2025 as Government Unveils Sweeping Education Reform Agenda

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Monrovia, Liberia – The Government of Liberia has announced plans to construct more than 100 new schools nationwide beginning this year, reaffirming its commitment to education as a cornerstone of national development.

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  526 Hits

GoL and EU Sign €56M Agreement to Support Budget

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Monrovia, Liberia – The Government of Liberia and the European Union (EU) have signed a €56 million financing agreement aimed at supporting Liberia’s development priorities.

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  476 Hits

Government Launches Sectoral Deep Dives to Accelerate Budget Execution and Development Delivery

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Monrovia, Liberia– The Ministry of Finance and Development Planning (MFDP) has commenced a series of sectoral deep dive sessions aimed at assessing government budget execution, identifying implementation challenges, and charting a path forward for accelerated development.

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  666 Hits

Liberian Government Commences the drafting of a Week-long Annual Economic Review to Assess National Economic Performance

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Zorzor City, Lofa County - The Government of Liberia, through the Ministry of Finance and Development Planning (MFDP), has commenced a week-long economic assessment workshop to evaluate key sectors of the nation’s economy.

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  776 Hits

Minister Ngafuan Heads Liberia’s Delegation to the IMF/World Bank Spring Meetings

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Monrovia, Liberia – The Minister of Finance and Development Planning, Hon. Augustine Kpehe Ngafuan leads the Government of Liberia’s delegation to the 2025 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group, which is scheduled to take place in Washington, D.C. from April 21 to 26, 2025.

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Liberia Convenes Government and Development Partners Retreat to Bolster National Development Plan Implementation

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Monrovia, Liberia - The Government of Liberia will host the inaugural Government and Development Partners Retreat (GDPR) on Thursday, April 17, at EJ S Ministerial Complex, under the theme: “Strengthening Partnerships for the Implementation of Liberia’s National Plan – AAID.”

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  1026 Hits

Kuwaiti Fund to Lead Resource Mobilization for the Salayea - Voinjama Stretch of the Gbarnga- Mendikorma Highway Project

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Kuwait City — The Liberian Government delegation led by Finance & Development Planning Minister Augustine Kpehe Ngafuan has secured the commitment of the Kuwaiti Fund for Arab Economic Development to lead a group of Arab lenders to mobilize financing for the 114km of Salayea to Voinjama as part of the pavement of the Gbarnga to Mendikorma Road Project.

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  754 Hits

FOR IMMEDIATE RELEASE

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A high-level African Peer Review Mechanism ( APRM) Continental Secretariat's mission led by its CEO Amb. Marie Antoinette Rose -Quatre met with Finance and Development Planning Minister, Augustine Kpehe Ngafuan, and his senior management team at the Ministry of Finance and Development Planning.
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  1138 Hits

For Immediate Release

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Monrovia, Liberia - Ministry Finance and Development Planning (MFDP) places Mr. Massayan Sorsor on Compulsory Administrative Leave and Forwards Him to the Office of the Ombudsman for Investigation.

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  1133 Hits

For Immediate Release

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Monrovia,Liberia - Further to an earlier communication from the Minister of Finance to the Superintendent of the Monrovia Consolidated School System (MCSS) expressing concern about the process by which a very huge number of individuals were admitted as volunteer teachers in the MCSS within a relatively short period of time, a high- level meeting involving the Ministry of Finance & Development Planning (MFDP), Civil Service Agency (CSA) and the Ministry of Education was today convened at the Ministry of Finance and Development Planning.

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  1097 Hits

"Power Is Coming to Buchanan”, As Finance Minister Hon. Ngafuan Expresses Delight on €42 Million EU Grant

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Monrovia, Liberia - Finance and Development Planning Minister Hon. Augustine Kpehe Ngafuan has expressed delight with the provision of electricity in three coastal Liberia counties through support from the European Union.

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  732 Hits

Government of Liberia, European Union and Partners Commence Five-days High Level Field Mission to Light Up South-East

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Monrovia, Liberia - The Minister of Finance and Development Planning, Honorable Augustine Kpehe Ngafuan is today leading a High level joint monitoring Team comprising the European Union Head of Delegation to Liberia, Ambassador Nona Deprez and partners, to commence a five (5) day site visit to Buchanan and Greenville Cities, aimed at monitoring the implementation of the Rural Electrification Programme Prioritizing the Southeast of Liberia, commonly known as “Light Up South-East (LUSE) Project.”

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  867 Hits

FOR IMMEDIATE RELEASE

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The Ministry of Finance and Development Planning (MFDP) has seen a very disturbing video circulating on social media involving one of its employees physically assaulting another person.
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  883 Hits

FOR IMMEDIATE RELEASE

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The European Union Budget Support Validation meeting was held today at the 2nd floor conference room, at the Ministry of Finance and Development Planning.
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  940 Hits

Finance and Development Planning Minister Ngafuan Welcomes International Forensic Experts; Hails their Role in Strengthening Liberia's Fight Against Corruption

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Monrovia, Liberia- Finance and Development Planning Minister Hon. Augustine Kpehe Ngafuan has hailed the arrival of two senior forensic experts from FTI Consulting as a significant step in President Boakai's fight against corruption.

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  740 Hits

At GREAT Project Launch:Finance Minister Ngafuan Urges Reprogramming of Projects Amid USAID Aid Cut to Boost Liberia's Progress

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Monrovia, Liberia - Finance and Development Planning Minister, Augustine Kpehe Ngafuan, has emphasized the urgent need to reprogram and redirect certain projects that are not yielding the desired returns, particularly in light of the recent reduction in USAID aid.

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  756 Hits

Latest Press Release

29 May 2025
Press Release
Abidjan - The Board of Governors of the African Development Bank (AfDB) comprising Ministers of Finance or their alternates of the 81 member states of the AfDB has just elected Mr. Sidi Ould Tah, a former Finance Minister of Mauritania and current Pr...
27 May 2025
Press Release
Abidjan, Côte d’Ivoire – Liberia’s Minister of Finance and Development Planning, Hon. Augustine Kpehe Ngafuan has been elected Chair of Constituency 15 of the African Development Bank (AfDB), a regional grouping that includes Liberia, Ghana, The...

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