Liberian Delegation Meets World Bank Team at TICAD
A Liberian government delegation, led by Finance Minister Augustine Kpehe Ngafuan, met with World Bank and IFC executives at TICAD on August 20, 2025. Discussions centered on expanding private sector investment in Liberia across sectors like energy, agriculture, and tourism, as well as boosting World Bank project support under the ARREST Agenda
On August 20, 2025, a high-level Liberian delegation led by Finance and Development Planning Minister Augustine Kpehe Ngafuan held important talks with the World Bank delegation to TICAD. The World Bank team was headed by Mr. Makhtar Diop, Managing Director of the International Finance Corporation (IFC), which is the World Bank’s private sector arm.
Other key members of the World Bank group included Mr. Ethiopis Tafara, IFC Vice President for Africa, and Mr. Ousmane Diagana, World Bank Vice President for Africa, along with several senior executives.
The Liberian side included Foreign Minister Sara Beysolow Nyanti, Education Minister Dr. Jarso Jallah, NIC Chairman Jeff Blibo, Commerce Minister Magdalene Dagoseh, Agriculture Minister Dr. J. Alexander Nuetah, Mines and Energy Minister Wilmot J. Paye, NPA Managing Director Sekou Hussein Dukuly, and other officials.
The meeting focused on IFC’s plans to expand private sector investments in Liberia, with possible IFC equity participation. Priority areas include energy, agriculture, tourism, financial services, and more.
Both delegations also reviewed the World Bank’s current projects in Liberia, which now total nearly US$1 billion in commitments. The Liberian side welcomed the faster pace of disbursements to World Bank-funded projects and stressed the importance of speeding up implementation to unlock more support under Liberia’s ARREST Agenda.
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