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‘’ GoL and World Bank Mission team conclude a week-long meeting’’

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The Government of Liberia and the World Bank Mission has concluded a week-long meeting geared towards strengthening the Public Financial Management System across spending entities of government.

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GoL, AFDB sign US$40 Million Loan for Mano River Road Development and Transport Facilitation project

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Monrovia, Liberia - The Government of Liberia and the African Development Bank have signed a $40 million loan agreement for the Mano River Road Development Transport Facilitation Phase 1 project. The agreement aims to enhance road infrastructure and boost intra-community trade in the Mano River Union area.

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  201 Hits

“Let us Provide Useful Information that will positively impact 100 days’ Deliverables”, says Minister Brunson.

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Monrovia, Liberia - The Deputy Minister for Budget and Development Planning at the Ministry of Finance and Development Planning, Hon. Tanneh G. Brunson, has emphasized the importance of gathering useful information from all Ministries, Agencies, and Commissions to positively influence President Joseph Nyuma Boakai's 100 days' deliverables plan nationwide.

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  161 Hits

"Farms to Market roads are key to the ARREST Agenda’’ says Minister Kamara

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Finance and Development Planning Minister, Hon. Boima S. Kamara says farms to market roads are key under the ARREST Agenda of President Joseph Nyumah Boakai.

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  157 Hits

"Let us forged a Stronger Partnership to create one Development Basket”, says Minister Boima S.Kamara

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Monrovia, Liberia - February 22, 2023: Finance Minister Hon. Boima S. Kamara has provided a candid assessment of Liberia’s economic landscape, emphasizing the urgent need for strengthened partnerships including international collaboration to address the challenges ahead.

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Comptroller and Accountant General urges Ministries, Agencies, and Commissions to Uphold Public Financial Management Law

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Monrovia, Liberia - The Ministry of Finance and Development Planning through the office of the Comptroller and Accountant General is calling on all government entities to acknowledge and uphold the Public Financial Management Law of Liberia, regarding the suspension, transfers, reassignments, and dismissals of Comptrollers and Accountant staff in Liberia.

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  193 Hits

"Identify National Issues Confronting Macroeconomic Stability’’ Finance Minister Kamara says.

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Monrovia, Liberia - Finance and Development Planning Minister, Hon. Boima S. Kamara is calling on the International Monetary Fund to help identify national issues confronting macroeconomic stability to improve the livelihood of Liberians across all sectors of government.

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  186 Hits

Circular to head of Line Ministries, Agencies & Commissions Requesting the Submission of Dummy Payrolls by 10th of Every Month

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Monrovia, Liberia – The Ministry of Finance and Development Planning (MFDP) has issued an official directive to all governmental agencies to submit their current or dummy payrolls by the 10th of every month for thorough scrutiny and necessary adjustments. This proactive measure is part of the government's commitment to improve fiscal management and ensure the punctual disbursement of salaries to all government employees.

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  220 Hits

Let's put the Government Back to Work, Minister Kamara urges MFDP Employees

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Monrovia, Liberia - Liberia’s Finance and Development Planning Minister has admonished employees at the MFDP to work harder to build a new MFDP.

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  273 Hits

Finance Minister Boima Kamara Unveils Blueprint for a Vibrant Liberian Economy Focused on Domestic Production and Private Sector Empowerment

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Monrovia, Liberia - In an ambitious move to reinvigorate Liberia's economy, the Finance Minister Honorable Boima Kamara has told the Liberian Senate about a comprehensive strategy aimed at fostering a robust economic environment through the promotion of 'Made in Liberia' initiatives.

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MFDP submits FY 2024 Draft National Budget at USD 625.57M

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Monrovia, Liberia - The Ministry of Finance and Development Planning representing the Executive Branch of the Liberian Government, on Tuesday, December 19, 2023, submitted the Fiscal Year2024 Draft National Budget in the amount of USD625.57M (Six Hundred Twenty-five million, fifty-seven thousand), to the National Legislature through House of Representative Speaker Dr. Bhofal Chambers.

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For Immediate Press Release

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Monrovia, Liberia - During the early morning hours of Wednesday, October 25 2023, fire gutted one of the offices on the third floor of the Ministry of Finance and Development Planning.

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  835 Hits

Government of Liberia and the African Development Bank (AfDB) Forge Partnership to Construct the Coastal Highway, Igniting Economic Transformation

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Monrovia, Liberia - A groundbreaking move to propel economic growth and development, the Government of Liberia has joined forces with the African Development Bank (AfDB) to embark on the monumental construction of the long-awaited Coastal Highway. This crucial infrastructure project aims to address the persistent road challenges faced by the southeast region of Liberia, an issue that has plagued its citizens for over two hundred years.The AfDB delegation comprising Mr. Rufus Darkortey, Executive Director of the Bank, Dr. Benedict Kanu, Country Manager of the Bank in Liberia, and Jean-Noel Ilboudo held a pivotal meeting with Hon. Samuel D. Tweah, Jr., Minister of Finance and Development Planning, and Hon. Ruth Coker-Collins, Minister of Public Works, on Tuesday, July 11, 2023 at the Finance Ministry to discuss the implementation of this transformative endeavor, scheduled to commence in 2023. The first phase, known as LOT I, will encompass the construction of a 56-kilometer stretch from Buchanan, Grand Bassa County to the junction in Cestos, Rivercess County. This significant segment of the Coastal Highway project carries an estimated cost of $54 million, a testament to the commitment of both the Liberian government and the AfDB to fuel sustainable development. The entire corridor is about 444km long and estimated at $430 million. Recognizing the Coastal Highway as a top priority initiative, the Government of Liberia has underscored its potential to drive economic growth and enhance crucial infrastructure networks across the nation. By linking the southeast region to vital economic centers and promoting regional integration with the Cote d'Ivoire, this project has the power to usher in a new era of progress and prosperity for Liberia. Minister Tweah and Minister Coker-Collins expressed their enthusiasm for the unwavering support of Dr. Akiwumi A. Adesina, the President of the African Development Bank, in facilitating the construction of this transformative corridor. President Weah himself conveyed his sincere appreciation to President Adesina and the entire AfDB for their unwavering commitment to fostering economic development and alleviating poverty throughout the African continent. The construction of the Coastal Highway marks a monumental stride toward creating a more connected and prosperous Liberia. With its promise of improved transportation infrastructure and increased economic opportunities, this project holds the potential to uplift communities, unlock regional potential, and set the stage for a brighter future for all Liberians.
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'’ National Development Agenda and framework papers is key for National Growth"-Says Deputy Minister Flomo

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Monrovia, Liberia -The Deputy Minister for Economic Management, Hon. Augustus J. Flomo says National Development Agenda and frame work papers in partnership with United Nations and Developments partners is key for national growth when all parties are involved with actions and implementation.

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GoL, World Bank Sign US$65 million for Resilient Recovery Stand-Alone Development Policy Financing

Monrovia, Liberia - The Government of Liberia and the World Bank have signed a US$ 65 million loan for Resilient Recovery Stand-Alone Development Policy Financing.

According to the Agreement, the program is aimed at supporting the Government of Liberia's efforts to promote resilient recovery through the two pillars of: (i) laying the institutional and policy foundations in selected growth-supporting and resilience-enhancing sectors; and (ii) promoting transparency and accountability in the public sector.

Furthermore, the reforms under the first pillar seek to improve resilience to shocks and conditions for inclusive growth through the development of an effective mechanism to manage food reserve stocks to strengthen food crisis preparedness planning, bolstering of domestic revenue mobilization, and improvements in the road sector efficiency and governance and the quality of land administration systems. The second pillar seeks to promote transparency and accountability in the public sector, with a focus on improving debt transparency and strengthening the country's procurement systems and anti-corruption framework.

Additionally, the operation will also support efforts aimed at addressing debt vulnerabilities under the sustainable development finance policy.

Liberia's Minister of Finance and Development Planning, Hon. Samuel D. Tweah, Jr, signed on behalf of the Government of Liberia, while World Bank's Country Director for Ghana, Liberia and Sierra Leone, Dr. Pierre Laporte, signed on behalf of the Bank.

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  1200 Hits

Signing ceremony of Financing Agreement with the Ministry of Finance and Development Planning in Additional Financing Support to the REALISE Project, and signing of partnership commitment by AFD, Sweden, and World Bank

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On June 14, 2023, in the presence of the French Ambassador to Liberia HE Mr. Michaël ROUX, Minister of Finance and Development Planning Honorable Samuel D. TWEAH, and AFD Country Director Christophe COTTET, signed an 8.8MEUR (approximately 9.5 MUSD) grant financing agreement to support the economic empowerment of people living in vulnerability in rural areas.

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  1194 Hits

University Graduates should develop critical skill sets in various disciplines, Deputy Minister Brunson Urges

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Monrovia, Liberia - The Deputy Minister for Budget and Development Planning, Hon. Tanneh G. Brunson on Wednesday May 31, 2023, urged all Graduates from the College of Business and Public Administrations to always develop critical skill sets in various disciplines.

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  279 Hits

GoL, AFDB sign 3.9 Million grant Agreement to Upgrade CBL Payment Infrastructure System

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The Government of Liberia and the African Development Bank on Thursday May 19, 2023, signed a grant agreement in the amount of US$ 3.9 million for the upgrade of the Central Bank of Liberia payment infrastructure system to strengthen its primary data center recovery sites.

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  1150 Hits

"Liberia is making Significant progress in Development Says Minister Tweah "

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Monrovia, Liberia - Liberia Finance and Development Planning Minister, Hon. Samuel D. Tweah Jr. says Liberia is making significant progress in other areas of Development, but there are still infrastructure constraints that need to be addressed and solved.
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GoL Holds PAPD Leadership Meeting; As Minister Tweah Asserts:  “Collectively We Can Land Strong on the Implementation of the PAPD”

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Monrovia, Liberia - Liberia’s Finance and Development Planning Minister Hon. Samuel D.Tweah Jr, says collectively, the government and development partners can land strong on the implementation of the PAPD. The PAPD is Pro Poor Agenda for Prosperity and Development. He also spoke about progress in the Area of Governance and Transparency.
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  1541 Hits

Latest Press Release

12 March 2024
Press Release

The Government of Liberia and the World Bank Mission has concluded a week-long meeting geared towards strengthening the Public Financial Management System across spending entities of government.

01 March 2024
Press Release
Monrovia, Liberia - The Government of Liberia and the African Development Bank have signed a $40 million loan agreement for the Mano River Road Development Transport Facilitation Phase 1 project. The agreement aims to enhance road infrastructure and ...

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