HomeAbout LiberiaFinance Minister Ngafuan Indorses Liberia’s Openness to Investment

Finance Minister Ngafuan Indorses Liberia’s Openness to Investment

MONROVIA, LIBERIA-The Minister of Finance and Development Planning, Augustine Ngafuan, has reaffirmed Liberia’s openness to investment.

Speaking at a high-level roundtable on the sidelines of the World Economic Forum in Switzerland, he said,” Liberia’s presence at the Forum marks a new phase of engagement with the global investment community”.

Minister Ngafuan noted that this renewed outreach is anchored in macroeconomic stabilization, institutional reforms, and a growing pipeline of bankable projects.

The Liberian Finance Minister highlighted strengthening macroeconomic and fiscal indicators as key drivers of renewed investor confidence.

He disclosed that Liberia’s economy grew by 4.0 percent in 2024 and is projected to expand by 5.8 percent in 2026.

Minister Ngafuan also highlighted that inflation has declined sharply, standing at 4 percent at the end of December 2025, while fiscal performance has also improved significantly.

Meanwhile, Minister Ngafuan is calling on multilateral institutions to scale up finance and technical assistance to Liberia.

He emphasized that Liberia’s liberal investment regime, citing its dual-currency system, full repatriation of profits and capital, open capital account, and progress toward establishing Special Economic Zones.

Minister Ngafuan also stressed that Liberia’s ascendency to a seat on the UN Security Council strengthens its standing as a credible and reliable global partner.

The finance minister told foreign investors that Liberia has been reaffirmed for a second Millennium Challenge Corporation (MCC) Compact, after passing more than the required indicators, including key anti-corruption benchmarks.

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