Liberia: U.S.$90m Budgeted for Bank Debt

Liberia: U.S.$90m Budgeted for Bank Debt

Finance and Development Planning Minister, Augustine Kpehe Ngafuan, has pledged that the Government of Liberia will settle nearly US$90 million in outstanding obligations to commercial banks, as part of deliberate efforts to rebuild confidence in the banking sector and strengthen private sector-led growth. The commitment was made at the 60th Anniversary celebration of the Liberian Bank for Development and Investment (LBDI), held at a local hotel…

“We’re taking concrete steps to address financial obligations.“ - Liberia news The New Dawn Liberia, premier resource for latest news

By Lewis S. Teh Monrovia, December 15, 2025: Finance and Development Planning Minister, Augustine Kpehe Ngafuan, has assured the banking sector that the government is taking deliberate and concrete steps to meet its financial obligations and rebuild confidence with commercial banks. Minister Ngafuan spoke at the 60th anniversary celebration of the Liberian Bank for Development and Investment (LBDI) over the weekend. The anniversary program was h…