Liberia Secures US$125 Million World Bank Financing for Infrastructure, Energy and Digital Projects
The project will improve cyber-security, support digital governance, promote innovation and entrepreneurship, and create opportunities for e-commerce and digital payment systems.
The Government of Liberia and the World Bank have signed three major financing agreements worth US$125 million, marking a significant step forward in the country’s efforts to improve infrastructure, expand access to electricity, and accelerate digital transformation.
The agreements, signed in Harrisburg, Montserrado County, cover funding for the Western Africa Regional Digital Integration Program (WARDIP 2), the Regional Emergency Solar Power Intervention Project (RESPITE) Additional Financing, and the Southeastern Corridor Road Asset Management Project (SECRAMP) Second Additional Financing.
Speaking at the signing ceremony, Finance and Development Planning Minister Augustine Kpehe Ngafuan described the occasion as a major milestone in Liberia’s development agenda. He thanked the World Bank for its continued partnership and support, emphasizing that the projects will help address some of the country’s most pressing development challenges.
The Minister also paid special tribute to World Bank Country Manager Georgia Wallen, whose leadership and commitment, he said, were instrumental in securing financing for the three initiatives.
“We extend our sincere appreciation to Madam Georgia Wallen for her tireless efforts and dedication, which contributed significantly making these projects to reach this stage.”
– Augustine Kpehe Ngafuan, Minister of Finance and Development Planning, Government of Liberia
He noted that the investments align with the Government’s ARREST Agenda for Inclusive Development, which focuses on creating jobs, expanding economic opportunities, and improving living standards for Liberians.
According to the Finance Minister, the projects target key sectors that are critical to Liberia’s growth.
“Energy, roads, and digital connectivity are among the most important foundations for economic development. By investing in these areas, we are laying the groundwork for sustainable and inclusive growth.”
– Augustine Kpehe Ngafuan, Minister of Finance and Development Planning, Government of Liberia
The largest portion of the financing includes US$57 million in additional support for the RESPITE Project, which aims to strengthen Liberia’s energy sector. The funding will support the expansion of renewable energy infrastructure, including improvements at the Mount Coffee Hydropower Plant, expansion of the country’s solar park from 20 megawatts to 30 megawatts, and the deployment of battery storage systems to improve electricity reliability.
Minister Ngafuan disclosed that the investment will help increase access to affordable electricity, support businesses, and improve the lives of thousands of Liberian families.
Another US$50 million has been committed to WARDIP 2, a regional initiative designed to expand broadband access and strengthen digital connectivity across Liberia. The project will improve cyber-security, support digital governance, promote innovation and entrepreneurship, and create opportunities for e-commerce and digital payment systems.
The Minister said the initiative will help bridge Liberia’s digital divide while creating opportunities for young people and businesses to participate in the growing digital economy.
The third agreement provides US$18 million in additional financing for SECRAMP, which supports the completion of road works along the strategic Ganta–Tappita corridor. The project is expected to improve transportation, reduce travel time and costs, facilitate trade, and increase access to markets and essential services in southeastern Liberia.
For her part, World Bank Country Manager Ms. Georgia Wallen reaffirmed the Bank’s commitment to supporting Liberia’s development priorities. She said the three projects are designed to strengthen infrastructure, improve energy access, and accelerate digital transformation while creating opportunities for communities across the country.
“These investments are designed to improve lives, strengthen economic resilience, and create opportunities for Liberians.”
– Georgia Wallen, Country Manager, World Bank Liberia
Together, the three financing agreements underscore Liberia’s commitment to expanding infrastructure, strengthening regional integration, improving energy security, accelerating digital transformation, and promoting inclusive economic growth.
