Published: April 24, 2025
WASHINGTON — The management of the World Bank has agreed to support Liberia’s development agenda through its new Country Program Framework (CPF) with a commitment of $490 million.
The new framework, expected to be submitted to the World Bank Board at the end of the month, focuses on support for energy — aiming to increase Liberia’s energy access from 33% to 75%, thereby reducing electricity costs and improving availability — as well as education, agribusiness, digital transformation and other key sectors.
This commitment was disclosed by World Bank Vice President Ousmane Diagana during a meeting with the Liberian delegation led by Finance Minister Augustine Kpehe Ngafuan.
On the sidelines of the IMF/World Bank Spring Meetings, and as a follow-up to recent engagements in Kuwait, Minister Ngafuan and the Liberian delegation met with Sultan Al Marshad, chief executive officer of the Saudi Fund for Development. During the meeting, the Fund committed to joining Kuwaiti and other Arab lenders in financing the Salayea–Voinjama segment of the Gbarnga–Mendikorma Road Project.
Meanwhile, Liberia’s Finance Minister Augustine Kpehe Ngafuan was unanimously elected chair of the Standing Committee of the Board of Governors of the African Development Bank on Conditions of Service for Elected Officers for the 2025–26 term. Other members of the committee include Gabon, South Korea, Ireland, Guinea-Bissau and Liberia.
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