The Government of Liberia has signed financing agreements worth US$125 million with the World Bank to support key investments in digital connectivity, renewable energy infrastructure, and transport development, reinforcing the country’s efforts to accelerate economic growth and regional integration.
The agreements were signed at the Mount Coffee Hydropower Complex shortly after Liberian President Joseph Boakai inaugurated a newly completed 20 MW solar photovoltaic (PV) power plant, a project aimed at strengthening access to clean and reliable electricity across the country.
Liberia’s Minister of Finance and Development Planning, Augustine Kpehe Ngafuan, signed the agreements on behalf of the government, while Georgia Wallen, World Bank Country Manager for Liberia, signed on behalf of the World Bank.
Under the financing package, Liberia will receive US$50 million through the second phase of the Western Africa Regional Digital Integration Program (WARDIP 2). The funding will support the expansion of broadband infrastructure and digital connectivity, strengthen cybersecurity and digital governance systems, promote digital entrepreneurship and innovation, and enhance e-commerce and digital payment ecosystems. The initiative also aims to advance the development of a unified digital market across West Africa.
The World Bank has also approved an additional US$57 million under the Regional Emergency Solar Power Intervention Project (RESPITE) to accelerate renewable energy deployment in Liberia. The funding will support the expansion of the Mount Coffee Solar Park from 20 MWp to 30 MWp, deployment of battery energy storage systems (BESS), and upgrades to the national electricity network to improve grid reliability and energy access.
In addition, Liberia will receive US$18 million in second additional financing for the Southeastern Corridor Road Asset Management Project (SECRAMP). The investment will help complete ongoing works along the 100-kilometre Ganta–Tappita corridor, a critical transport route expected to improve regional connectivity, lower transportation costs, facilitate trade, and enhance access to markets and essential services in southeastern Liberia.
President Boakai welcomed the World Bank’s continued support, describing the projects as strategic investments that align with the government’s ARREST Agenda for Inclusive Development. He noted that the initiatives would strengthen critical infrastructure, expand access to clean energy, accelerate digital transformation, and promote inclusive economic growth across the country.
The President reaffirmed Liberia’s commitment to working closely with development partners to ensure the timely implementation of the projects and maximize their economic and social benefits for citizens.
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