African Development Bank (AfDB) Group President Dr. Sidi Ould Tah, on Tuesday, October 13, pledged continued support for roads, energy, agriculture and other key sectors.
Tah made the commitment shortly he met with ministers of AfDB Constituency 15 at the IMF/World Bank Annual meetings.
The delegation was led by constituency chair Augustine Kpehe Ngafuan, Minister of Finance and Development Planning (MFDP).
Ngafuan was joined by fellow constituency ministers Seedy K.M. Keita of The Gambia, Karefa Ansumana Francis Kargbo of Sierra Leone, and Dr. Jibril Ibrahim of Sudan.
Dr. Tah thanked the ministers for their support, and commended their efforts to strengthen their economies. He named Liberia as one of the top performers.
He noted that Constituency 15, was the first to contribute to the AfDB Fund, with Liberia committing US$3 million.
Tah also said, the Bank under his leadership, has pursued initiatives to expend the Bank’s lending to African countries by raising more funds on capital markets.
Earlier, Ngafuan, commended Dr. Tah’s first year of leadership. He cited his efforts to cut bureaucratic delays, strengthen member countries’ representation, and expend infrastructure investment. Ngafuan also briefed the President on Liberia’s economic progress. He noted that growth rose to 5.1 percent in 2025 from 4.0 percent in 2024, and is projected at 5.5 percent in 2026. He added that inflation has fallen from 12.5 in early 2025 to 4.3 percent at the end-September 2026, and that the debt-to-GDP ratio declined from 55.6 percent in 2024, to 54.1 percent in 2025, and it is projected to reach 49.6 percent in 2026, as Liberia also exceeded its IMF fiscal target in 2025. Ngafuan highlighted three AfDB-supported projects central to sustaining this momentum, the first being the Domestic Resource Mobilization (DRM) project to strengthen revenue collection so Liberia can capture more value from miming, its main growth of development with less borrowing.
The second is the Youth Entrepreneurship Investment Bank (YEIB), launched in July 2025. The process made Liberia the first African country to operationalize the AfDB’s youth investment bank model. The YEIB will also provide finance, mentorship and skills to create up to 120,000 jobs. The third is the Cavalla River Bridge, a 288-metre crossing to Cote d’Ivoire under the Mano River Union road program.
The bridge will replace unsafe ferry and canoe crossing, cut transport costs, and boost regional trade.
Mr. Ngafuan confirmed the delay of construction work, and urged all parties to keep the project on track for completion in March, 2028.
