Liberia and European Union to Sign €20 Million Financing Agreement to Boost Private Sector Development

Monrovia, Liberia - The Government of Liberia through the Ministry of Finance and Development Planning and the European Union will on Monday, June 16, officially sign a €20 million financing agreement under the NDICI–Global Europe framework, titled Private Sector Development in Liberia NDICI Africa Act-62431.

The initiative marks an important step in enhancing Liberia’s private sector, with a focus on strengthening the cassava, fisheries, and food processing value chains.

The four-year project (2025–2029) aims to increase the competitiveness and environmental sustainability of these key sectors, thereby driving job creation, economic growth, and business competitiveness across the country.

In addition to developing value chains, the project will work to improve the business environment and investment climate through public-private dialogue and regulatory reforms.

It seeks to also promote inclusive and sustainable economic growth, especially in rural and underserved communities.
The project will be implemented by Expertise France and international labour organisation.

The project is aligned with the EU’s Team Europe Initiatives on Safe and Sustainable Food Systems and Forestry and Biodiversity; this initiative also supports the EU Gender Action Plan III (2021–2025) in terms of fostering economic diversification and strengthening sustainable value chains with a strong gender-inclusive approach.

The project will directly contribute to Liberia’s advancement toward several Sustainable Development Goals (SDGs), including SDG 5 Gender Equality, SDG 8: Decent Work and Economic Growth, SDG 9: Industry, Innovation, and Infrastructure, SDG 10:

Reduced Inequalities, SDG 12: Responsible Consumption and Production, SDG 13: Climate Action
Furthermore, the initiative aligns with the ARREST Agenda for Inclusive Development (AAID) by prioritizing agriculture, fisheries, and sustainable forest management as core pillars for national development and employment generation.

The implementation of this agreement reflects the shared commitment of Liberia and the European Union to building a resilient, inclusive, and sustainable economic future.