Home West Africa Liberia Liberia: Boakai Seeks House Approval for U.S.$16.7m AfDB Loan to Finance 2026...

Liberia: Boakai Seeks House Approval for U.S.$16.7m AfDB Loan to Finance 2026 Budget Deficit

Published: July 8, 2026

CAPITOL HILL, Monrovia — President Joseph Nyuma Boakai has asked the House of Representatives to ratify two loan agreements totaling 12.11 million Units of Account (US$16.7 million) from the African Development Fund and the African Development Bank’s Transition Support Facility to help finance part of Liberia’s 2026 national budget deficit.

In a communication addressed to Speaker Richard Nagbe Koon and read during Tuesday’s plenary session, Boakai urged lawmakers to give…

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