Liberia: U.S.$100m Locked in Bad Loans As Boakai Demands Urgent Action

Liberia: U.S.$100m Locked in Bad Loans As Boakai Demands Urgent Action

MONROVIA - More than US$100 million in Liberian bank credit is tied up in loans that are not being repaid, starving farmers, traders and small businesses of financing while banks sit on deposits they will not lend, according to documents prepared for a national conference that opened Wednesday.

Liberia Confronts a $100 Million Non-Performing Loan Crisis - Global News Network Liberia

By James T. Brooks MONROVIA – More than US$100 million in Liberian bank credit remains tied up in non-performing loans, starving farmers, traders, and small businesses of critical financing while financial institutions sit on idle deposits they refuse to lend. The severe credit crunch formed the central focus of a high-level national conference aimed at […]

Ngafuan: Government Defaults Fuel Bad Loans - Liberia news The New Dawn Liberia, premier resource for latest news

By Lewis S. Teh MONROVIA, Liberia, September 10, 2026 — Finance and Development Planning Minister Augustine Kpehe Ngafuan has acknowledged that government’s failure over the years to pay contractors and vendors on time has contributed to Liberia’s non-performing loan problem, saying the Boakai administration is seeking to restore the state’s credibility by honoring its financial obligations. Ngafuan said delayed government payments can leave bus…

BOAKAI WARNS BAD LOANS ARE BLOCKING CREDIT, THREATENING JOBS AND PRIVATE SECTOR GROWTH

MONROVIA – President Joseph Nyuma Boakai has warned that Liberia’s growing problem of non-performing loans is no longer simply a concern for banks, saying unpaid loans are restricting access to credit, threatening private-sector expansion and limiting opportunities for job creation. Speaking on Wednesday, September 9, 2026, at the official opening of the National Conference on […]