Liberian President Joseph Boakai plans to strengthen the economy in 2025 and beyond, fueled by robust government initiatives and international support.
In a New Year message shared on Facebook, the President who was elected in 2023 to ease cost of living, laid out his vision for Liberia’s economic future, explicitly targeting growth sustainability.
A focal point of his strategy includes the implementation of the administration ARREST Agenda for Inclusive Development (AAID), which aims to foster job creation, support small businesses, and ensure fair distribution of national resources.
The strategic moves laid out by President Boakai come at a critical time for Liberia as it aims not only for recovery but also for a transformative era of economic stability and growth. With an optimistic outlook backed by positive projections and foreign assistance, the year 2025 may indeed mark a turning point in Liberia’s economic narrative.
Central Bank of Liberia has projected a significant bounce-back for the economy after a year of stuttering form, forecasting an expansion of 5.6% for 2025. This growth is critical for a nation that, as of 2024, has an economy valued at approximately $3.1 billion, beset by economic challenges over the past decades.
The anticipated arrival of $500 million in U.S. aid under the Millennium Challenge Corporation (MCC) compact grant is expected to bolster infrastructure development and enhance public services.
