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GOL/ World Bank Sign US$ 24.7 Million Grant Agreement

SDT WBGLGSLMonrovia, Liberia - The World Bank has provided its first development support to the new Government of Liberia headed by His Excellency President George M. Weah with the signing of an IDA Grant Agreement amounting to US$ 24.7million between the Bank and the Liberian Government. Finance and Development Planning Minister Hon. Samuel D. Tweah signed on behalf of the Government of Liberia, while World Bank’s Group Country Director for Guinea, Liberia and Sierra Leone Mr. Henry G. R. Karali signed on behalf of the Bank.

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ECOWAS National Office in Liberia, NEC, ECOWAS Ambassador Office and other Stakeholders Hold Third Phase of Civic Education and Voters Awareness Exercises In Grand Cape-Mount & Bomi Counties From December 21-24, 2017

ECOWAS LogoMonrovia, Liberia - In a collaborative effort to promote non-violence and a conflict-free elections, the ECOWAS National Office at the Ministry of Finance and Development Planning, the National Elections Commission (NEC), as well as the Mano River Union, the Peace Building Office and the Office of the Sustainable Development Goals along with officials of the host counties will be hosting the second phase of civic education and voters awareness exercises from Thursday, December 21-24 2017 in Grand Cape-Mount and Bomi Counties.

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Finance Minister Boima Kamara Underscores t Economic Benefits of Sustainable Forest Management

Monrovia, Liberia - Liberia’s Minister of Finance and Development Planning, Hon. Boima S. Kamara has underscored the economic benefits the nation stands to accrue from the sustainable management of the country’s forest resources. Minister Kamara said that proper management of the country’s forest resources would provide significant boost to the country’s economic development.

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USAID Contributes to MFDP Capacity Building

RG3 MFDPMonrovia, Liberia - The United States Agency for International Development (USAID) has contributed ten laptops to the Ministry of Finance and Development Planning to enhance capacity building of the Revenue and Tax Policy Division.

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GOL Launches Affordable Domestic Finance for MSMEs

1MSMEAATTAHMonrovia, Liberia - The Ministry of Finance and Development Planning in collaboration with the Central Bank, and Ministry of Commerce and Industry on Tuesday, November 28, 2017 launched post-Ebola Reconstruction Project for Micro, Small and Medium businesses across the country under the theme “Access to Affordable Domestic Finance for MSMEs in Liberia”. The event brought together business owners, government officials and development partners.

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MSME-RFPERP Project Launch Announcement

Banner MSMEThe public is hereby informed that the Government of Liberia has signed an agreement for a grant of US$ 4,800,000 (four million eight hundred thousand USD) from the World Bank for the purpose of financing the MSME Rural Finance Post Ebola Reconstruction Project. Said Project will provide Partial Credit Guarantees (PCGs) and lines of credits for on-lending to Participating Financial Institutions (PFIs) to support MSME sub-loans to eligible MSMEs particularly in agriculture, agro-processing and manufacturing sectors for the carrying out of sub – projects.

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Joint Arab Mission, GOL Propose Revised Financing Allocation for Gbarnga-Salayea Road Project

 

Acting Minster of Finance and Development Planning Hon. Alvin E. Attah and SFD Signed Aide Memoire for Gbarnga Salayea Konia Road projectMonrovia, Liberia - A joint-mission comprising representatives of the Saudi Fund for Development (SFD) and Kuwait Fund for Arab Economic Development (KFAED) has ended a three-day visit to the country during which discussions were held with the relevant authorities in Liberia and an agreement reached after series of technical meetings to propose a revised financing arrangement for each contributing donor.

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ECOWAS National Office in Liberia, NEC, ECOWAS Ambassador Office and Other Stakeholders Hold Second Phase of Civic Education and Voters Awareness Exercises in Buchanan City Grand Bassa County- Monday November 6, 2017

ECOWAS LogoMonrovia, Liberia - In a collaborative effort to promote non-violence and a conflict-free elections, the ECOWAS National Office at the Ministry of Finance and Development Planning, the National Elections Commission (NEC), as well as the Mano River Union, the Peace Building Office and the Office of the Sustainable Development Goals along with officials of the host county will be hosting the second phase of civic education and voters awareness exercises on Monday, November 6, 2017 in Buchanan, Grand Bassa County.

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LIMPAC Gives Five Hundred Thousand Liberian Dollars to Support ULSU Scholarship and Financial Aid Program

LIMPAC Check to ULSUMonrovia, Liberia - The Liberia Macroeconomic Policy Analysis Center (LIMPAC) of the Ministry of Finance and Development Planning (MFDP) On Tuesday October 31, 2017 contributed LD 500,000.00 (Five Hundred Thousand Liberian Dollars) as support to providing tuition aid/scholarships to about seventeen thousand students of the University of Liberia who feared being dropped out for the First Semester of Academic Year 2017/2018.

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  678 Hits

ECOWAS National Office, NEC Hold Civic Education, Voters Awareness

The Economic Community of West African States National Office in Liberia in collaboration with the National Elections Commission is expected to commence a week-long civic education and voters’ awareness in three of Liberia’s 15 counties namely: Nimba, Bong and Margibi Counties, beginning this Sunday, October 1, 2017 in Ganta City, Nimba County.

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  919 Hits

Big Boost for Micro Small Medium Enterprises (MSMEs) Rural Finance Projects in Liberia

PR BSK Minister Signed a joint Grant AgreementThe Government of Liberia through the Ministry of Finance and Development Planning (MFDP) has signed a US$4.8 million Participating Agreement (PA) and Approval of Withdrawal Request for the Micro, Small and Medium Enterprises (MSMEs) through the World Bank Rural Finance Post Ebola Reconstruction Project with GN Liberia Limited Bank and BRAC Liberia, among others. The signing will enable access to US$ 4.8 million grant from the World Bank intended to make funding available to MSMEs on sustainable terms, strengthen the capacity of Liberia’s private sector financial institutions and banks to lend profitably to Small Medium Enterprises (MSMEs).

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  1157 Hits

‘’Access to Education, A Right for All Liberians’’ Finance Minister cautioned Graduates of Action Faith Institute

DSC 2766remarkMonrovia, Liberia - Finance Minister Boima S. Kamara has cautioned the young people of Liberia against allowing themselves to be used by anyone or a group of politicians to engage in violent behaviors that will lead to the destruction of lives and properties during the electoral process.

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Keynote Address by the Minister of Finance & Development Planning at the Symposium on Sustainable Development Goals (SDGs)

Minister Boima S. KamaraThe Director General for SDGs Center for Africa, fellow Ministers and other officials of the government of Liberia here present, members of civil society, representatives from the academic community and the private sector, members of the fourth estate, distinguished ladies and gentlemen.

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Finance Minister Attends Addis Ababa Meeting to Accelerate AU’s Financial Autonomy

BSKamara1Liberia’s Finance and Development Planning Minister, Hon. Boima S. Kamara, at the head of a three-man delegation, joined his counterparts from across the continent in Addis Ababa, Ethiopia from August 7 to 9 to assess the status and accelerate implementation of the decisions of the Assembly of Heads of States and Government to ensure financial autonomy of the Union by 2020.

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  1018 Hits

President Ellen Johnson Sirleaf to Address WAMZ Finance Ministers and Central Bank Governors

President SirleafMonrovia, Liberia - The President of Liberia, Her Excellency Madam Ellen Johnson Sirleaf is expected to meet delegates attending the ongoing Statutory Meetings of Finance Ministers and Central Bank Governors of the West African Monetary Zone (WAMZ) on Friday, 4 August 2017.

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Liberia Underscores the Importance of on-going ECOWAS Sponsored WAMZ Conference

Minister Boima S. KamaraThe government of Liberia says between 2014 through 2016, the economies of countries in the sub region were hard hit by unfavorable economic conditions including commodity price shocks, natural disasters and epidemic outbreaks.

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CBL Governor Urges CSWAMZ to be More Proactive The Executive Governor of the Central Bank of Liberia (CBL), Mr. Milton A. Weeks, on Monday 31 July 2017, set the tone of the 26th meeting of the College of Supervisors of the West African Monetary Zone (CSWA

CBL Governor Weeks addressing CSWAMZ delegate at opening sessionThe Executive Governor of the Central Bank of Liberia (CBL), Mr. Milton A. Weeks, on Monday 31 July 2017, set the tone of the 26th meeting of the College of Supervisors of the West African Monetary Zone (CSWAMZ) by urging members of the College of Supervisors of West African Central Banks to think through what is likely to cause a banking/financial crisis in the West African monetary zone as well as the efforts required to address such crisis. He said: “The need for a zonal crisis prevention, management and resolution framework is more and more evident. Do we have the right mechanisms to address the potential risks associated with the increasing digitization of our financial systems?”

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US$40 Million New Electricity Project Kick-off by the Government of Liberia

DSC 97391The Government of Liberia through the Office of the National Authorizing Office, Ministry of Finance & Development Planning has kick-off a contract to put up additional transmissions and distribution lines intended to absorb more electricity to Monrovia from the Mount Coffee Hydro Dam.

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Global Commodity Shock Undermined Growth In Liberia Says CBL Boss!!!

GovernorWeeksThe Executive Governor of the Central Bank of Liberia (CBL), Mr. Milton Weeks says global commodity price shock and the impact of a devastating Ebola Virus Disease (EVD) are two major factors responsible for the dismal performance of the Liberian economy during 2016.

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  786 Hits

As Confab Opens, ECOWAS Committed To Implementation Of EMCP!!!

ECOWAS Gideon GbappyThe 2017 Mid-Year statutory meetings of the West Africa Monetary Agency (WAMA) and the West Africa Monetary Institute (WAMI) got underway today in the Liberian capital, Monrovia, with invited delegates from the sub region in attendance.

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  660 Hits

Latest Press Release

03 February 2018
Press Release
Monrovia, Liberia - The World Bank has provided its first development support to the new Government of Liberia headed by His Excellency President George M. Weah with the signing of an IDA Grant Agreement amounting to US$ 24.7million between the Bank ...
21 December 2017
Press Release
Monrovia, Liberia - In a collaborative effort to promote non-violence and a conflict-free elections, the ECOWAS National Office at the Ministry of Finance and Development Planning, the National Elections Commission (NEC), as well as the Mano River Un...

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