Mon - Fri: 9:00 - 17:00
Sat-Sun Closed
Broad & Mechlin Street

New Finance and Development Planning Minister Takes Over Ministry; Suggests Practical Approach To Revive Liberia’s Economy

Min. Kamara Dr. Kollie During Turning Over Ceremony at MFDPMonrovia, Liberia - Finance and Development Planning Minister, Boima S. Kamara wants a more practical approach in diversifying the Liberian economy which has experienced both internal and external shocks resulting from the Ebola impact and global meltdown.

In a statement during the turning over ceremony on Monday, May 16, 2016, Mr. Kamara suggested taking advantage of the opportunities in agriculture, agro-processing and light manufacturing given the level of investments so far in infrastructure projects He noted this has resulted in more than 700 kilometers of paved roads and more than136 megawatts of electricity. Minster Kamara who acknowledged assuming leadership of government’s fiscal policy program at a critical time, indicated “We are taking over at a time when the economy is experiencing slower economic growth mainly on account of various shocks including the Ebola virus disease.” “Further, we are coming in at a time that UNMIL is carrying out its drawdown coupled with the fall in the global commodities prices, especially iron ore and rubber - the nation’s major primary commodity exports,” he emphasized. The new MFDP’s Minister also noted that “The Ebola outbreak also weakened activities in the economy resulting to fall in real GDP growth from 8.5 percent in 2013 to zero percent in 2015” This development he said resulted to serious loss of household incomes, revenue for the Government, and concession agreements in the iron ore and rubber sectors. Minister Kamara believes this enhances a strong support for the domestic private sector key to ensuring sustainable economic growth and job creation, while at the same time creating an investor friendly environment. He then challenged staff of the ministry saying “we are expected to perform functions critical to our nation’s survival. Therefore, I have come here to continue to build on the foundation left behind - this is exactly the point I made during my confirmation hearing.” “In the next 17 months, we will be running the final lap in the marathon we all started together more than 10 years ago. Finishing strong in this marathon entails sticking to the strategy, which some of us helped to put together. I am a new member on this team brought in to make sure that we finish strong,” he told MFDP staff. He called for a positive attitude noting that a strong will to succeed and perseverance to getting the job done will be required of every staff member in order “to get us to finish strong,” he emphasized. The youthful and energetic new MFDP boss was quick to dispel the notion that his taking over of the ministry will result to replacement of some of the ministry’s workforce. Hitting on job security, the new fiscal manager of the government said “Firstly, while not ruling out 100% the possibility of bringing other competent Liberians on board this team, I will lean more to the concept of internal promotion in this Ministry, one strictly derived from integrity, hard work and dedication to duty.” “Maintaining your job or losing your job will depend primarily on what you do or fail to do. If you perform your job with integrity and dedication and within agreed timelines, you need not worry about anything,” he told the eager to know staff. He however, warned that if you choose to take the opposite path, “you need not be too comfortable.” On the second principle he stressed transparency which determines “how we are going to manage the building of human resource capacity.” The new minister is a strong believer in merit-based motivation by giving people the right tools to improve productivity which allows supervisors to conduct evaluation and make appropriate recommendations He also intimated about his third guiding principle which he emphasized was of critical importance in communication and feedback. “I will need to hear from you and benefit from your expert knowledge and deep institutional memory to improve the system as you need to hear from me as well,” he told his staff. He stressed the importance of collaboration to forge ahead in delivering on the promises of the key infrastructure projects, mainly roads and energy; health and education; security in view of UNMIL’s drawdown; and the pending 2017 presidential election. Minister Kamara also used the platform to recognize the role of all of Liberia’s bilateral and international partners in helping it achieve these objectives, recognizing that strong donor coordination and support will play a key role. He concluded by calling on the MFDP family to join him as he begins a noble journey without compromising hard work, unshakable dedication and honesty in managing the nation's economy. This he said will “bring smiles on the faces of the more than 4 million persons who call themselves Liberians.”

Latest Press Release

02 July 2020
Press Release

Monrovia, Liberia - The World Bank has approved USD 9.3 million in additional grants to the Government of Liberia, for the Cheesemanburg Landfill and urban sanitation (CLUS) project.

30 June 2020
Press Release
My fellow Liberians, officials of Government present, invited guests, the members of the Fourth Estate, distinguished ladies and gentlemen:I am profoundly pleased to be here today and exceedingly grateful to the Leadership of the Press Union of Liber...


Wait a minute, while we are rendering the calendar

P. O. Box 10 - 9016
Broad & Mechlin Street
1000 Monrovia


Get updates and important events straight to your inbox. We don't spam

© Copyright 2020 | Ministry of Finance and Development Planning | . All Rights Reserved.