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Debt Management Unit

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Aid Management & Coordination Unit

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Economic Policy Unit

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Macro & Financial Sector Policy Unit

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Assistant Minister for Economic, Macro & Financial Sector Policy

James Dorbor Na-kulah Sao, Sr. is a public sector professional, with years of experience in both the public and private sectors. As Assistant Minister for Economic Policy, Macroeconomic and Financial Sector Division, he is responsible for formulating and evaluating economic policies that inform the country’s economic transformation agenda.

Experience & Contribution to Society Minister Sao has taught in higher educational institutions, particularly in the Business and Public Administration College at Cuttington University Undergraduate Program for over four years as a Lecturer. While at Cuttington, he served in other positions, including Administrative Assistant to the Vice President for Administration, Manager Seth C. Edwards Multipurpose Cafeteria, and Director for Procurement and Supply Services.

At the Ministry of Agriculture, Minister. Sao served as Director for Communication, responsible for imaging and communicating the activities of the Ministry and its projects under the PMU. Hon. Sao also worked at the Central Agricultural Research Institute as Head for Planning, Monitoring, and Evaluation before joining the PMU IFAD Tree Crop Extension Project as Communication Specialist. In the position as head of Planning and M&E, he was responsible for planning all research activities with the scientists, monitoring the implementation and carry out the periodic evaluation, and made recommendations to management.

He is the Board Chair for the New Life Foundation High School in Phebe Bong County, Secretary-General for Alpha Phi Alpha Eta Epsilon Lamda Chapter, an Elder in the Temple of Praise Bethel World International Ministries-Phebe Branch, a farmer with so much interest in investing in the soil, teacher, mentor, father-married with three children and the CEO for the Bong Communication Service Inc. He has several years of work experience with NGOs, Including ACF, Catholic Relief Services, CARITAS-Gbarnga, Oxfam GB, to name a few.

Currently, Honorable Sao is the President of the Alumni Association of Phebe Community Lutheran High School. He has been involved with policy formulation processes at most of the institutions he worked for, which economically benefited those institutions.

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Assistant Minister for External Resources & Debt Management

Minister Barcon Vah, Assistant Minister for External Resources and Debt Management of the Ministry of Finance and Development Planning. My core responsibilities are to coordinates all aid and debt-related matters: Driving the establishment of effective policies and procedures for the management of donor funding in Liberia, increasing the coherence of aid mobilization, negotiating and coordinating frameworks necessary for effective debt management and aid flow to Liberia in line with internationally accepted best practices.

I am a devoted public servant and a politician with 15 years of experience in the public sector.

In 2006 – 2013, I served as Senior Revenue An analyst in the office of the Commissioner of Revenue, and later became Auditor, Audit Supervisor, Senior Inspector, and Revenue Agent in the Department of Revenue, Ministry of finance 2014 – 2017, Senior Revenue Agent, and later Senior Compliance Officer, Liberia Revenue Authority (LRA).

International FunctionRepresented the Government of Liberia through the Ministry of Finance and Development Planning at the G7+ High-Level Ministerial Meeting in Lisbon, Portugal; and the Global Partnership for Effective Development Cooperation (GPEDC) High-Level Meeting at the United Nations Headquarters in New York, USA.

Educational BackgroundAssistant Minister Vah, MSc Candidate in Financial Management Services at the University of Saltford, UK; ongoing program and he Holds Bachelor in Business Administration (BBA) Degree in Accounting from the University of Liberia and Associate Degree (AA) in Economics.

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Function of External Resources & Debt Management

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Function of Economic, Macro & Financial Sector Policy

.The Department of Economic Management is responsible for formulating and monitoring the Country's economic policies and programs. It is the principal adviser to Government of Liberia on economic policy, and drives the country’s flagship development agenda the Pro-Poor Agenda for Prosperity and Development. The department also deals with all matters relating to debt management and external resource mobilization which include external debt and foreign aid, and relations with bilateral and multilateral financial institutions.

The Economic Management Department is the nodal department dealing with the Central Bank of Liberia on macroeconomic policies. The department also deals with matters concerning financial sector policies including banking, insurance and capital markets. The Department has two Divisions: Economic Policy Macroeconomic and Financial Sector Division, and External Resources and Debt Management.

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Profile of the Deputy Minister of Economic Management

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Liberia Dashboard

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Function

The Department is charged with the responsibilities for formulating and monitoring the country's economic policies and programs, which have a bearing on internal and external aspects of economic management. It is the principal adviser to GOL on economic policy, and drives the Government’s development agenda - the Pro Poor Agenda for Prosperity and Development. The department deals with all matters relating to debt management including external debt and foreign aid, as well as maintains relations with bilateral and multilateral financial institutions. It is also the nodal department for dealing with the Central Bank and the macro policies. The department deals with matters concerning financial sector policies including banking, insurance and capital markets. In addition, the Department works closely with external organizations, including the IMF, in developing macroeconomic forecasts for the Liberian economy.

Structure The Department has two divisions, namely External Resources and Debt Management Division and Economic Policy, Macroeconomic and Financial Sector Policy Division. Each division, headed by an Assistant Minister, comprises two units, namely, Aid Management and Coordination Unit and Debt Management Unit, all of the former division, and the Economic Policy Unit and Macroeconomic and Financial Sector Policy Unit, all of the latter division.

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Profile of the Deputy Minister for Economic Management (2)

Dr. Mounir Siaplay is the first Deputy Minister for Economic Management at the newly formed Ministry of Finance and Development Planning, Republic of Liberia. As Deputy Minister, he serves as the principal advisor to the Government of Liberia on issues of economic policy and management that drive the Agenda for Transformation and Liberia’s Vision 2030. Prior to his appointment as Deputy Minister, Dr. Siaplay served as the Economic Advisor to the President of the Republic of Liberia, Her Excellency Mrs. Ellen Johnson-Sirleaf.

Dr. Siaplay also served as the Country Economist for the International Growth Centre (IGC) Programme in Liberia, jointly directed by the London School of Economics and Political Science and the University of Oxford. In this capacity, Dr. Siaplay contributed immensely to the creation and delivery of high quality policy and research outputs. These include policy briefs, research papers, synthesis papers and growth events for dissemination to policy makers and the wider audience.

On the academic front, Dr. Siaplay served as a lecturer at the Oklahoma State University and was teaching courses in Microeconomics, Managerial Economics, Money and Banking and Economics of Sport. He was also a research assistant at the North Dakota State University and the Oklahoma State University, working and publishing in peer reviewed journals on a range of topics which include: price volatility and hedging strategies in the wheat market; economics of food safety; the effects of social cash transfers on youth labor force participation and schooling; and the economics of dual citizenship.

Outside of academia, Dr. Siaplay worked as an insurance risk analyst for Blue Cross Blue Shield of North Dakota, freight bill analyst for Val Spar Corporation in Minnesota and as a summer intern banker for Affinity Plus Federal Credit Union in Minnesota.

Dr. Siaplay earned his Ph.D. in Economics from the Oklahoma State University, MSc. in Agribusiness and Applied Economics from the North Dakota State University and a B.A. in Economics and International Relations from the Concordia College. His research interests are: Development Economics and Applied Econometrics.

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Profile of the Deputy Minister for Economic Management

Augustus J. Flomo works for the Government of Liberia as the Deputy Minister for Economic Management at the Ministry of Finance and Development Planning. His position covers managing the Aid Portfolio, Debt (domestics and external), Macroeconomic and Financial Policies of the government of Liberia. He has over 18 years experience in Economic Analysis, Fiscal Management & Accounting, Leadership, Training, Business Development and has actively participated in the political landscape of Liberia before his appointment to government in March 2018. 

Before March 2018, he served as Chief Executive Officer for GUSCEMAN, INC., a company he established with focus on Business Development & Support Services including business consulting, Training designs and deliveries of various kind; institutional capacity building, etc.

Before moving to his own company, he worked for several institutions including Cuttington University, United States African Development Foundation – WUDARBO Project, Agency for Economic Development and Empowerment and lastly for the International Executive Service Corps (IESC), a Washington DC based entity that was implementing the USAID Investing for Business Expansion (IBEX) project in Liberia just to name a few. He served IESC as the Deputy Chief of Party with oversight responsibilities of managing operations, designing and delivering capacity building programs for SMEs in the Liberian market and leading the sustainability component of the project; at the same time managing the technical team of business analysts and support staff. During his years of private sector work, he served as consultant for many institutions including: Cultivating New Frontiers in Agriculture (CNFA)/LADA Project, Winrock International Agriculture development program for Liberia and many others. He has over 18 years of cross sectorial experience in the private sector.

He holds an MBA in Finance with emphasis in investment. He is currently doing his Doctor of Business Administration and holds several certificates in Business Development, Financial Management, Grant and project management, Economic Development, and is a certified trainer.

He is a Rotarian, current Assistant Governor for District 9101 with oversight of Clubs in Liberia, Past President of Rotary Club of Sinkor and currently a member of the Rotary District 9101 Training team and participates in various Rotary training activities across 10 countries in West Africa.  Additionally, he is a Delegate of the Rotary Foundation Committee of D9101 in West Africa with oversight of all grant management issues for Liberia.

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Structure

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Structure

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Structure

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Latest Press Release

20 October 2020
Press Release
Ganta, Nimba County - The Ministry of Finance and Development Planning, through its Department of Budget and Development Planning on Tuesday, October 20, 2020, climaxed ‘Phase One’ of the Pro-Poor Agenda for Prosperity and Development (PAPD), technic...
19 October 2020
Press Release
Monrovia, Liberia - The Government of Liberia through the Comptroller and Accountant General’s (CAG) Office, at the Ministry of Finance & Development Planning, will on Wednesday, October 21, 2020, launch the establishment of the Comptroller &...

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