Monrovia, Liberia – In light of Liberia’s consideration for a possible second compact, the United States Government’s Millennium Challenge Corporation (MCC) delegation, headed by Madam Carrie Monahan, Managing Director for Africa, has arrived in the nation to deepen long-standing development ties and start important preparations for the December Board meeting.
“We recognize the government and people of Liberia as strong partners,” Madam Monahan said at a formal welcome ceremony at the Roberts International Airport, expressing her gratitude for Liberia’s collaboration with the MCC. She emphasized that the United States is happy of the achievements and collaboration formed under the first compact and stressed the significance of MCC’s return to Liberia.
Implemented between 2016 and 2021, Liberia’s first MCC compact had a major positive impact on the nation. Its main goals were to strengthen the Liberia Electricity Corporation (LEC), restore the Mt. Coffee Hydropower Plant, and reform important institutions to encourage accountability and transparency in government. The $257 million compact helped thousands of homes and businesses regain power, offered crucial technical assistance and training, and set the stage for further economic recovery.
The Constraints to Growth Analysis, a crucial first step in determining which industries would benefit most from MCC’s involvement in promoting equitable economic growth, will be the main emphasis of the next mission, Madam Carrie Monahan stressed.
“Our goal is to interact with both public and private sector parties.” According to her, the MCC funding represents an investment in the Liberian people. “We’re excited to make sure that this agreement supports the nation’s economic goals and opens doors for both American investors and Liberians.”
Referencing the Trump Administration’s continuous focus on moving “from aid to trade,” she also emphasized the U.S. government’s sustained commitment to sustainable partnerships in Africa, seeing MCC investments as a foundation for mutual progress and long-term economic collaboration.
Hon. Augustine Kpehe Ngafuan, Minister of Finance and Development Planning, welcomed the group on behalf of President Joseph N. Boakai. He also thanked MCC for their ongoing involvement.
“Your presence is greatly appreciated. We sincerely appreciate the support we have gotten so far, from where we were to where we are now,” Minister Ngafuan stated.
“This visit is an important first step, but we recognize that the path is lengthy. Liberia is making the proper moves in advocating for a second compact and is ready to fully cooperate in the limitations to growth examination.”
Ngafuan reiterated Liberia’s dedication to the process and expressed hope that the mission’s findings will result in even more significant progress for the country.
“You have come to interact with Liberian stakeholders, and we promise to work with you. We are optimistic that this endeavor will benefit our people.“
He underlined that the compact, if it is granted to Liberia, will benefit all citizens, not just a select group.
