The World Bank has committed $125 million to Liberia through a series of agreements supporting digital connectivity and renewable energy infrastructure projects.
The agreements were signed at the Mount Coffee Hydropower Complex shortly after President Joseph Boakai officially commissioned the newly completed 20MW solar photovoltaic power plant over the weekend.
According to the Liberian government, the agreements cover three key projects: the Western Africa Regional digital Integration Programme (WARDIP Two), the Regional Emergency Solar Power Intervention Project (RESPITE) Additional Financing, and the South-eastern Corridor Road Asset Management Project (SECRAMP) Second Additional Financing.
Under the agreements, Liberia will receive $50 million through WARDIP Two to expand broadband access and digital connectivity.
The funding will support cybersecurity and digital governance, promote digital entrepreneurship and innovation, support e-commerce and digital payment systems, and advance the development of a single digital market across the region.
The investment comes as Liberia continues to face digital infrastructure challenges.
Broadband access remains limited, while internet-enabled devices can cost up to 40% of average monthly income, creating affordability barriers for many citizens.
An additional $57 million has been approved for the RESPITE project to support the expansion of renewable energy infrastructure.
This includes increasing the capacity of the Mount Coffee Solar Park from 20MWp to 30MWp, deploying battery energy storage systems, and improving the national electricity network.
The financing package also includes $18 million in second additional financing for SECRAMP to support the completion of ongoing works along the strategic 100km Ganta-Tappita corridor.
The project is expected to improve road connectivity, reduce transport costs, enhance trade and economic activity, and improve access to markets and essential services for communities in south-eastern Liberia.
Boakai said the three projects align with the government's ARREST Agenda, a five-year development strategy aimed at driving socio-economic growth and supporting Liberia's transition to lower-middle-income status.
He said the investments would strengthen infrastructure, expand access to clean energy, accelerate digital transformation and support inclusive economic growth.
Boakai added that the government would continue working with development partners to ensure the successful implementation of the projects.
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