President Boakai Endorses $8.4 Billion ARREST Agenda to Drive Inclusive Development in Liberia.
By: Lawrence D. Kawala
December 3, 2024 – President Joseph Nyuma Boakai has endorsed the ARREST Agenda for Inclusive Development, a $8.4 billion United States Dollars development blueprint to be executed for the period of five years aimed at addressing the most critical needs of Liberia’s challenges and advancing equitable progress.
Finance Minister, Augustine Kpehe Ngafuan made the pronouncement during the presentation of the ARREST Agenda on Tuesday, December 3, 2024 in Monrovia following the endorsement made by President Boakai. The endorsement came during the National Steering Committee meeting held on Tuesday, December 3, 2024 in Monrovia, Congo Town at the Ellen Johnson Sirleaf Ministerial Complex.
The Steering Committee is chaired by President Boakai and endorsed the project for the period of 2025-2029.
The project was developed with input from government agencies, development partners, the private sector, and civil society, also incorporates County Development Agendas (CDAs) to address local priorities.
The ARREST Agenda, which stands for Agriculture, Roads, Rule of Law, Education, Sanitation, and Tourism, is designed to tackle multidimensional poverty while fostering sustainable growth.
“This is a pivotal moment for Liberia as we endorse the ARREST Agenda. This six-year plan is a call to action for all Liberians and our partners to unite in transforming our nation”, President Boakai declared.
The Liberians Leader called for mutual accountability in resource management to ensure the effective execution of projects. He emphasized the plan’s focus on improving food security, healthcare, education, infrastructure, and governance while addressing environmental sustainability and private sector growth.
The Liberian Chief Executive highlighted plans, including flagship projects in agribusiness, tourism, and infrastructure, with strong emphasis on empowering young people as drivers of innovation and community development.
Meanwhile, Minister Ngafuan outlined the ARREST Agenda as a strategic framework to align with Vision 2030, Liberia’s long-term development goal.
The Finance Minister at the same time presented a preliminary breakdown of the plan’s funding; he said 30% will come from government resources, while 70% is expected from private sector investments, development partners, and diaspora contributions.
Minister Ngafuan stressed the government’s commitment to fiscal sustainability, including tax reforms, efficient public spending, and adherence to ECOWAS’ debt-to-GDP ratio of less than 70%. Additionally, inflation will be maintained below 10% over the five-year period.
The ARREST Agenda for Inclusive Development is a development blueprint drafted to tackle the pressing needs of Liberia in shaping Liberia’s development over the next five years for a brighter future.
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