The Government of Liberia and the World Bank have signed three major financing agreements totaling US$125Million. The financing agreement, according to a release from MFDP, was signed on the sidelines of the official dedication of a 22-megawatt Power Plant by President Joseph N. Boakai on Friday, June 5, 2026 at the Mount Coffee Hydro power plant in Harrisburg, Montserrado County.
However, the agreements seek to accelerate major development projects in various sectors of government.
Also, the package includes a US$50 million agreement from the Western Africa Regional Digital Integration Program (WARDIP2), US$57Million from the Regional Emergency Solar Power Intervention Project (RESPITE), and additional US$18Million from the Southeastern Corridor Road Asset management Project (SECRAMP).
Speaking at the signing ceremony on behalf of Liberia, Finance and Development Planning Minister Augustine Kpehe Ngafuan explained that the three-financing agreement is expected to make some significant gains in both the digital, roads infrastructure and Energy Sectors of Liberia.
According to him, the US$50 Million WARDIP agreement seeks to expand broadband access and digital connectivity, strengthen cyber-security and digital governance, promotes digital entrepreneurship and innovation, support E-commerce and digital payment system, and to also advance regional integration towards a single digital market in West Africa, while the US$57Million Regional Emergency Solar Power Intervention Project (RESPITE) will witness the construction and expansion of Renewable energy infrastructure, expansion of the Mount Coffee Hydro power plant, Expansion of the Solar Park from 20MWP to 30MWP, as well as the deployment of Batteries Energy Storage system as part of efforts to improving electricity access and to supporting businesses and economic growth.
Minister Ngafuan also indicated that the US$ 18Million Southeastern Corridor Road Asset Management Project would improve roads connectivity, enhance regional trade and Economic Activities, reduce travel time and Economic costs, and to improve access to market and social services for Communities in Southern Liberia (Ganta-Tappita)
Moreover, he described these initiatives as more than infrastructure and Development project, and said they’re strategic ok investments in Liberia’s future.
For her Part, Georgia Wallen, World Bank Country Manager stated that noted that the World Bank remains committed to supporting effective implementations of projects that would impact the lives of Liberian citizens through efficient and transparent allocations of resources in various sectors of the Country.
She stated that Liberia has been a long-time partner to the World Bank, and will continue to support the works of government through the World Bank under the stewardship of President
