-At ALJA 13th National Convention in Maryland
Greenbelt, Maryland, USA — Liberia’s Minister of Finance and Development Planning, Augustine Kpehe Ngafuan, says the country’s economy is showing strong signs of recovery, with renewed fiscal discipline, improved investor confidence, and increased budgetary support from international partners.
Speaking at the 13th National Convention of the Association of Liberian Journalists in the Americas (ALJA), Minister Ngafuan outlined progress made under President Joseph Nyuma Boakai’s ARREST Agenda for Inclusive Development (AAID) — which focuses on Agriculture, Roads, Rule of Law, Education, Sanitation and Health, and Tourism.
“The Boakai administration inherited enormous challenges — low growth, high unemployment, and weak infrastructure — but we are stabilizing the economy and laying a foundation for long-term growth,” Ngafuan said.
He credited reforms at the Ministry of Finance and Development Planning (MFDP) for helping to restore fiscal credibility and improve revenue generation. He also highlighted key partnerships with the IMF, World Bank, and African Development Bank, which have led to an increase in budget support and renewed confidence in Liberia’s governance systems.
Ngafuan noted that the government is prioritizing agriculture and road connectivity as twin pillars for economic transformation, arguing that no country can grow without efficient transport and a productive rural economy.
“Our roads are the arteries of commerce,” he stressed. “Every kilometer we pave brings farmers closer to markets, children closer to schools, and communities closer to opportunities.”
The Finance Minister also reaffirmed President Boakai’s commitment to transparent and accountable governance, emphasizing that Liberia’s renewed international credibility is already attracting investors and development partners back to the table.
