Monrovia, Liberia —A high-level delegation from the Millennium Challenge Corporation (MCC), led by Madam Carrie Monahan, Managing Director for Africa, has begun a major assessment to identify the key constraints to economic growth in Liberia as part of efforts to evaluate the country’s eligibility for a potential second MCC Compact.
The team kicked off its visit with a high-level meeting at the Ministry of Finance and Development Planning (MFDP). Madam Monahan praised Liberia’s warm hospitality and reaffirmed MCC’s commitment to deepening its development partnership with the country.
“On behalf of the Millennium Challenge Corporation, I would like to thank all of you for the very warm welcome we have received since we arrived in Liberia,” Monahan said. “The fact that MCC’s Board is considering Liberia for a second Compact is a strong testament to the results we achieved together during Compact One.”
She emphasized that few countries are selected for a second MCC Compact, describing the process as both competitive and highly significant.
Throughout the week, the MCC team will engage with a wide range of stakeholders, including the Ministry of Foreign Affairs, Central Bank of Liberia, National Investment Commission, LISGIS, Ministry of Mines and Energy, LEITI, Liberia Revenue Authority, and other key institutions. The findings from these engagements will shape the design of a potential second Compact, should Liberia be selected.
Acting Minister of Finance and Development Planning, Hon. Anthony G. Myers, welcomed the MCC team and expressed gratitude to the United States Government for reconsidering Liberia’s eligibility. He underscored Liberia’s readiness, noting that preparations for a second Compact had already been initiated before the process was paused earlier this year.
Minister Myers said he was optimistic about Liberia’s chances, citing the country’s ongoing reforms and strong record of collaboration under Compact One, which focused on critical sectors including electricity and road infrastructure.
The MCC’s Constraints to Growth Analysis remains a crucial part of its evidence-based approach, ensuring that any new Compact targets the most pressing barriers to inclusive economic growth and poverty reduction in Liberia.
MCC’s Board of Directors is expected to meet in December to decide whether Liberia will be selected for a second Compact.