The Government of Liberia, through the Ministry of Finance and Development and Planning, has disclosed that the total public debt stock currently stands at US$2.7 billion. Speaking at a special press briefing on Monday, November 10, 2025, at the Ministry of Information, Minister Augustine Kpehe Ngafuan said that as a responsible government, they must honor their debt obligations.
He said for FY2026, they have allocated US$250 million for debt servicing, up from US$150 million in the previous year. “We do not demonize debt; when used prudently, it can be a tool for development. What matters is how the debt is used, whether it finances consumption or productive investment”, he added.
He told reporters that government is implementing a comprehensive Debt Management Strategy to ensure that all new borrowings yield significant socio-economic returns, expand Gross Domestic Product, and gradually reduce the debt. “Our debts to institutions such as the World Bank, African Development Bank, and other partners remain highly concessional – long-term loans of up to 30 years with very low interest rates”, he said.
According to Ngafuan, the Public Financial Management (PFM) Law mandates that debt servicing is the first charge on national revenue, ensuring Liberia maintains its credibility with creditors and investors alike. He indicated that the government is also clearing outstanding arrears to local media and service providers to avoid the accumulation of domestic debts. “We are also supporting renewable energy initiatives, particularly solar energy expansion through the Rural and Renewable Energy Agency (RREA), to reduce the cost of electricity and increase access nationwide,” he added.
