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The Liberian Senate, 31st Day Sitting, 5th session.

The Liberian Senate has unanimously voted for the acceptance and the endorsement of the Senate committee on Public Accounts & Audit report on the GAC finding of the misapplication of the national road fund. The committee report says that the $7 million dollars alleged to have been misapplied by the finance minister was appropriated by the Senate in the 2019/2020 recast budget.
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RCU holds Ambassadorial Reforms Dialogue Series No.2 with US Ambassador Michael McCarthy

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Monrovia, Liberia - Acting Finance and Development Planning Minister Hon. Tanneh G. Brunson as head of the Senior Management team, on Monday June 13, 2022 hosted the United States Ambassador to Liberia, Michael McCarthy at a Development dialogue.

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MFDP kicks Off Public Financial Management Awareness in Montserrado.

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Monrovia, Liberia - The Ministry of Finance and Development Planning through the Department of Comptroller and Accountant General, over the weekend officially launched the Public Financial Management awareness in Montserrado county.

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ECOWAS delegation meets Deputy Finance Minister for Fiscal Affairs

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Monrovia, Liberia - A delegation from the Economic Community of West African States (ECOWAS), on Wednesday, June 1, 2022, met deputy finance minister for fiscal affairs Dr. Samora P.Z. Wolokolie to discuss the process leading to Liberia’s transition from Goods and Service Tax (GST), to Value Added Tax (VAT).

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GoL, World Bank sign project valued $40M

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Monrovia, Liberia - The Government of Liberia represented by the Ministry of Finance and Development Planning, and the World Bank on Tuesday, May 31, 2022, signed a $40 million project known as the Liberia Urban Resilience Project (LURP).
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PFMRCU launches Ambassadorial Reforms Dialogue Series with Chinese Ambassador, H.E. Ren Yesheng

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Monrovia, Liberia - The Ambassadorial Reforms Dialogue Series (ARDS), initiated by the Public Financial Management Reforms Coordination Unit (PFMRCU) late last month is to allow selected Countries' Ambassadors near Monrovia the opportunity of sharing the processes, challenges and benefits of reforms from their countries’ perspectives. These dialogue series as expected will provide officials and technicians of government an insight and also serve as a pathway in developing and aligning our national development priorities based on effective service delivery and best practices.

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ECOWAS High Level Delegation is expected to visit Liberia soon

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Monrovia, Liberia - The Economic Community of West African States (ECOWAS) says, it is sending a three-member high level delegation to Monrovia from 30th May to 2nd June 2022 to hold series of discussions with the Liberian Government to support the process leading to the smooth transition from Goods and Service Tax (GST) to Value Added Tax (VAT) in Liberia.

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GoL Holds Consultation on Voluntary National Review

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Monrovia, Liberia - The Government of Liberia through the Ministry of Finance and Development Planning has held a two-day stakeholder’s consultation meeting on Voluntary National Review (VNR) 2022 in Monrovia.
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President Weah Approves Rufus N. Darkortey as Executive Director at the African Development Bank

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Monrovia, Liberia, May 26, 2022 – The President of Liberia, H.E. Dr. George Manneh Weah on Tuesday, May 17, 2022, approved the nomination of Mr. Rufus N. Darkortey to serve as Executive Director at the African Development Bank in Abidjan, Cote D’Ivoire.

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MFDP Launches Pre-VAT 3rd Stakeholder Engagement Dialogue

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As part of efforts to boost tax revenue and enhance transparency, accountability and development across the fifteen counties, the Government of Liberia through the Ministry of Finance and Development Planning in collaboration with the Liberia Revenue Authority held a VAT pre Launch 3rd Stakeholder Engagement Dialogue at the Mamba Point, Hotel in Monrovia with theme: "Paving the Way for a Smooth VAT Implementation".

Speaking at the opening Assistant Minister for Revenue Tax Policy at the Ministry of Finance and Development Planning, Hon. Ojuku Nyenpan, said the

VAT stakeholder Engagement Dialogue is part of ongoing Value Added Tax (VAT) pre implementation activities that are being undertaken by the Government of Liberia.

" This Dialogue series is part of the VAT pre Implementation and roll out plan and it aims to engage the various stakeholders within the process". He added

Minister Nyenpan thanked USAID for funding the dialogue. He said the dialogue provides a platform for stakeholders to ask questions, raise issues and concerns important to them and support the Ministry of Finance and Development Planning, LIberia Revenue Authority and relevant Government of Liberia Authorities in their plans to improve tax policy and administration outcomes of Liberia.

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MFDP  Clarifies on "Fake"  Enterpreneurship Program 

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The Ministry of Finance and Development Planning informs the public that there is absolutely no entrepreneurship program at the ministry.

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MFDP Climaxed Aid Coordination, Macroeconomic Framework Workshop

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Buchanan, Grand Bassa County - In order to strengthen national development and aid coordination across Government, the Ministry of Finance and Development Planning through the Department of Economic Management, over the weekend climaxed a five-day training in Aid Coordination and Macroeconomic Framework for NGOs, Sector Ministries and Agencies, including Development Partners and Civil Society Actors in the Port City of Buchanan, Grand Bassa County.

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World Bank support to the Fisheries and Education Sector is Remarkable says Minister Tweah

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Monrovia, Liberia - Liberia's Finance and Development Planning Minister Hon. Samuel D.Tweah, Jr says World Bank continuous support towards Liberia Development Agenda, the Pro Poor Agenda for Prosperity and Development is remarkable.

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“Governments should prioritize combating and preventing illicit financial flows”, Deputy Finance Minister tells UN Development Forum

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New York, USA - Liberia’s Deputy Finance Minister for Economic Management, Hon. Augustus J. Flomo, has underscored the need for governments around the world to continuously prioritize combating and preventing illicit financial flows.

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GoL, and Development Partners sign MOU to Strengthen Development Cooperation for Aid Effectiveness

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Monrovia, Liberia - The Government of Liberia and development have signed a memorandum of understanding to strengthen Development Cooperation for aid effectiveness.

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President Weah holds PAPD Steering Committee Meeting on Monday April 11, 2022

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The President of the Republic of Liberia, His Excellency, Dr. George Manneh Weah will on April 11, 2022, will chair the Pro-Poor Agenda for Prosperity and Development (PAPD) National Steering Committee Meeting at the Ellen Johnson Sirleaf Ministerial Complex in Congo town, Tubman Boulevard. The meeting will be attended by Development Partners, Pillar Leads & Sector Heads of Government Ministries and Agencies and Civil Society Organizations.

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GoL, World Bank Sign Financing Agreements Totaling US$ 40M

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Monrovia, Liberia - The Government of Liberia and the World Bank on Monday, April 4, 2022, signed two financing agreements for the Liberia Investment, Finance and Trade(LIFT) project totaling the amount of US$ 40 million of which US 20 million is an IDA grant and US$20 million is a concessional IDA credit.

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RCU Begins Engagement with Head of EU

_20220317-171023_1 Dr. Munyeneh Coordinator of the RCU with Theo Kaspers, the head of EU Cooperation

Monrovia, Liberia - The Public Financial Management Reform Coordination Unit (PFMRCU) on Thursday paid an hour-long visit to the Offices of the EU Delegation in Mamba Point, Monrovia. The meeting was intended to familiarize the EU with the workings of the PFMRCU. 

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FreeBalance Consultants in Town for Stakeholders’ Meetings

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Monrovia, Liberia - A team of consultants from FreeBalance headed by Aldo Sagastume is in the Country for a ten-day stakeholder engagement and training workshop with relevant beneficiaries of Public Financial Management activities.

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IMF Mission team visits Liberia on ECF 4th article Review

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Monrovia, Liberia - A hybrid mission team from the International Monetary Fund is in Liberia reviewing the 4th article of the four-year arrangement under the Extended Credit Facility program.

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Latest Press Release

22 June 2022
Press Release
The Liberian Senate has unanimously voted for the acceptance and the endorsement of the Senate committee on Public Accounts & Audit report on the GAC finding of the misapplication of the national road fund. The committee report says that the $7 m...
14 June 2022
Press Release
Monrovia, Liberia - Acting Finance and Development Planning Minister Hon. Tanneh G. Brunson as head of the Senior Management team, on Monday June 13, 2022 hosted the United States Ambassador to Liberia, Michael McCarthy at a Development dialogue....

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