By Jamesetta D Williams
MOMROVIA – Liberia has received a whooping $125 million financing package from the World Bank, Information Minister Jerolinmek Piah has announced said, to support the country’s energy, digital, and infrastructure sectors.
During MICAT Tuesday press briefing, Minister Piah described the funding package as a significant boost to Liberia’s development agenda, particularly in expanding access to electricity, improving digital connectivity, and enhancing road infrastructure.
He disclosed that the US$57 million will support the Regional Emergency Solar Power Intervention Project to strengthen Liberia’s energy sector through investments in renewable energy infrastructure, including the expansion of the country’s solar power capacity from 20 megawatts to 30 megawatts and the deployment of battery storage systems to improve electricity reliability.
The Information Minister noted that the investment will help increase access to affordable electricity, support businesses, and improve the quality of life for thousands of Liberians.
Additionally, US$50 million has been allocated to the West Africa Regional Digital Integration Program, a regional initiative aimed at expanding broadband access, strengthening cybersecurity, promoting digital governance, and creating opportunities for innovation and entrepreneurship.
Piah said the program is expected to bridge Liberia’s digital divide while providing new opportunities for young people and businesses to participate in the growing digital economy through e-commerce and digital payment systems.
The remaining US$18 million will provide additional financing for the Southeastern Road Asset Management Project, a major infrastructure initiative focused on improving road connectivity in southeastern Liberia.
According to Minister Piah, the funding will support ongoing roadworks along strategic transportation corridors, improve access to markets and essential services, reduce travel time and transportation costs, and facilitate economic growth in the region.
The government believes the three financing agreements represent an important step toward accelerating national development and improving critical public services across Liberia.
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