In a major financial commitment to Liberia’s economic and social transformation, the World Bank has announced a $490 million funding package to support President Joseph Boakai’s ambitious ARREST Agenda, a five-year national development plan aimed at revitalizing key sectors of the country.
The ARREST Agenda, launched in January 2025, stands for Agriculture, Roads, Rule of Law, Education, Sanitation, and Tourism, pillars that the government believes will drive sustainable growth and improve living standards for Liberians. The World Bank’s investment is expected to accelerate progress in these areas, providing critical support for infrastructure, governance, and climate resilience.
The new funding comes under the World Bank’s Country Program Framework (CPF), aligning with Liberia’s long-term development goals. This latest commitment adds to the Bank’s existing portfolio in the country, which includes 19 active projects worth approximately $1 billion, spanning infrastructure, healthcare, agriculture, and social protection.
“This support from the World Bank is a testament to the strength of our ARREST Agenda and our shared vision for a prosperous Liberia,” said President Boakai. “These funds will help us build roads, improve education, strengthen governance, and ensure that no Liberian is left behind.”
Beyond the $490 million pledge, the World Bank has also approved a $40 million Development Policy Financing (DPF) package, designed to promote inclusive growth, fiscal sustainability, and climate resilience. A notable feature of this financing is a $20 million Catastrophe Deferred Drawdown Option (CAT-DDO), which provides emergency funds in case of natural disasters or health crises, a crucial safeguard for a country vulnerable to climate shocks and disease outbreaks.
The ARREST Agenda’s pillars reflect Liberia’s most pressing needs:
- Agriculture: Boosting food security and creating jobs in rural areas.
- Roads: Improving transportation networks to connect communities and boost trade.
- Rule of Law: Strengthening institutions to ensure justice and stability.
- Education: Expanding access to quality schooling and vocational training.
- Sanitation: Enhancing clean water and waste management systems.
- Tourism: Developing Liberia’s untapped potential as an eco-tourism destination.
World Bank officials emphasized that the funding is not just about financial support but also about partnership and long-term impact. “Liberia has shown strong commitment to reform and development,” said Pierre Laporte, World Bank Country Director for Liberia. “Our goal is to ensure these investments translate into real improvements in people’s lives.”
As Liberia moves forward with its ARREST Agenda, this World Bank commitment marks a significant milestone, one that could pave the way for greater economic stability, improved public services, and a brighter future for all Liberians.
