The African Development Bank (AfDB) has approved a $16.7 million financing package to support Liberia’s efforts to strengthen fiscal sustainability and improve governance in the mining sector. The announcement was made on 4 June 2026 as part of a broader reform-focused budget support programme.
The funding represents the first phase of the Fiscal Sustainability and Mining Sector Governance Support Programme, a two-year initiative aimed at improving economic governance, expanding fiscal space, and promoting inclusive growth in Liberia.
The programme is designed to support key reforms in public financial management, including stronger debt management systems, improved transparency in government spending, and more efficient tax administration. It also aims to reduce revenue leakages and enhance accountability within public institutions.
Liberia continues to face structural economic challenges, including a narrow tax base, fiscal pressure, and governance weaknesses in the extractive industries sector. The new support package is intended to address these issues by strengthening institutions and improving oversight mechanisms.
A significant component of the programme focuses on the mining sector, which plays an important role in Liberia’s economy. The reforms will target improved regulatory frameworks, greater transparency, and stronger oversight of natural resource management to increase government revenue and ensure more equitable benefits from mineral wealth.
The initiative is aligned with Liberia’s national development strategy, known as the ARREST Agenda for Inclusive Development, which prioritizes governance reform, economic revitalization, and sustainable growth between 2025 and 2029.
AfDB officials emphasized that the programme will help expand fiscal capacity to deliver essential public services while reinforcing accountability in public finance. The bank also confirmed that it will continue working closely with the Government of Liberia and development partners to support long-term economic resilience and reform implementation.
Overall, the financing package reflects a broader effort to strengthen economic governance and improve the efficiency and transparency of Liberia’s public and natural resource sectors.
