Finance and Development Planning Minister, Augustine Kpehe Ngafuan, has reaffirmed Liberia’s openness to investment.
Ngafuan spoke on the sideline of the World Economic Forum (WEF) in Davos, Switzerland.
His keynote address at a high-level roundtable was titled: “The Future of Liberia: Global Partnership and Economic Diplomacy.”
The event was attended by global investors, development finance leaders and international partners. Ngafuan said Liberia’s presence at the WEF marks a new phase of engagement with the global investment community.
He added: “This renewed outreach is anchored in macroeconomic stabilization, institutional reforms and a growing pipeline of bankable projects. Liberia comes to Davos with a clear, evidence-based message that we are implementing reforms, stabilizing our economy, and opening credible pathways for investment and financing.”
He highlighted strengthening macroeconomic and fiscal indicators as key drivers of renewed investor confidence.
Liberia’s economy, Ngafuan said, grew by 4.0 percent in 2024, and was projected to expand by 5.6 percent in 2025, and 5.8 percent in 2026, respectively.
Inflation, he noted, has declined sharply, standing at 4 percent at the end of December 2025.
Fiscal performance has also improved significantly.
The government recorded a primary surplus of 1.3 percent of GDP in 2024, a major turnaround from a deficit of 4.2 percent of GDP in 2023.
Domestic revenue reached a historic high of US$836 million in 2025, driven by compliance reforms and the rollout of digital tax systems.
Confidence in the banking sector is also rising, with net deposits increasing substantially.
Ngafuan pointed to strong external anchors underpinning the gains, including Liberia’s IMF Extended Credit Facility, which reinforces fiscal discipline and unlocks access to the Resilience and Sustainability Facility. He also noted 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.
“These validations reduce policy uncertainty and demonstrate international confidence in the development pathway Liberia is pursuing.”
He cited concrete governance reforms, including the completion of an IMF Governance Diagnostic in 2025; expanded investigative powers for the Liberia Anti-Corruption Commission; strengthened internal audit systems; verification of asset declarations; and more transparent public procurement through competitive bidding and e-procurement.
He added that the Central Bank of Liberia is modernizing the payments system and enhancing prudential oversight.
The World Economic Forum was first held in Davos in 1971 as a gathering of business executives.
Over the years, it has expanded significantly in scope, bringing together global leaders to address a wide range of issues, including economic inequality, climate change, technological innovation, and international cooperation.