President Boakai Endorses Strategic Notes on Electricity, Workforce Training & Mining Governance as Liberia Pushes for Second MCC Deal Worth Hundreds of Millions
BY: Rufus Divine Brooks Jr.
MONROVIA — President Joseph Nyuma Boakai Sr. has formally endorsed three strategic Concept Notes submitted by Liberia’s Compact Development Team, marking a critical step as the country advances toward negotiations for a second Millennium Challenge Corporation compact.
The endorsement came during a presentation at the Executive Mansion, where Compact Development Team National Coordinator Alieu Fuad Nyei and technical experts presented proposals targeting Liberia’s binding constraints to economic growth: unreliable electricity, skills gaps in the energy sector, and weak mining governance.
Focus Areas of the Concept Notes:
- Power Generation & Transmission: Interventions to expand reliable, affordable electricity access, rehabilitate transmission infrastructure, and strengthen sector governance to attract private investment.
- Energy Workforce Development: Technical and vocational training programs to build a skilled labor force capable of operating and maintaining new energy infrastructure.
- Mining Governance & Investment Facilitation: Reforms to improve regulatory oversight, transparency, and efficiency in mineral resource management to boost investor confidence.
In endorsing the documents, President Boakai praised the team’s diligence and instructed all relevant ministries and agencies to coordinate closely with the CDT to ensure the proposals align with national development priorities and MCC investment criteria.
The finalized Concept Notes were submitted to the MCC in Washington on Friday, June 5, 2026.
The MCC’s Investment Management Committee is expected to review Liberia’s proposals during its meeting in late July 2026, after which the U.S. government agency will communicate its decision on whether to proceed with compact development.
A second MCC compact would follow Liberia’s first $257 million agreement, which focused on energy infrastructure and roads and expired in 2021.
Eligibility for a new compact depends heavily on Liberia’s performance on MCC’s scorecard, particularly in areas of governance, economic freedom, and investment in citizens.
Government officials and development partners have described the endorsement as a signal of Liberia’s commitment to tackling structural challenges and leveraging donor funding for sustainable impact.