Millennium Challenge Corporation Begins Key Assessment for Liberia’s Potential Second Compact

Monrovia, Liberia - The visiting high-level team from the Millennium Challenge Corporation (MCC), led by Madam Carrie Monahan, Managing Director for Africa, on Wednesday began assessing the Constraints to Growth Analysis facing the Liberian economy as part of ongoing efforts to evaluate the country’s eligibility for a second MCC Compact.

Monrovia, Liberia - The visiting high-level team from the Millennium Challenge Corporation (MCC), led by Madam Carrie Monahan, Managing Director for Africa, on Wednesday began assessing the Constraints to Growth Analysis facing the Liberian economy as part of ongoing efforts to evaluate the country’s eligibility for a second MCC Compact.

The visit includes engagements with key government ministries, agencies, and private sector stakeholders.

The delegation’s visit began with a meeting at the Ministry of Finance and Development Planning, where Madam Monahan expressed appreciation for the warm reception and highlighted the importance of MCC’s continued partnership with Liberia.
“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,” said Madam Monahan. “From the moment we landed on Monday, the Minister personally welcomed us, and our visit so far has been truly remarkable.”

She praised the Ministry’s coordination in arranging a comprehensive and productive agenda for the week, noting the delegation’s eagerness to engage with Liberia’s development institutions and partners.
“For some members of our delegation, this is their first time in Liberia; for others, it is a return visit. Either way, we are all looking forward to learning more about your beautiful country.”

The visit comes as MCC’s Board of Directors prepares for its December meeting, where Liberia’s eligibility for a second Compact will be under consideration. Madam Monahan emphasized the significance of this opportunity, noting that few countries are selected for a second Compact.

“We are extremely proud of the long history of partnership between our two countries and the important work we accomplished together during Compact One,” she said. “The fact that MCC’s Board is considering Liberia for a second Compact is a strong testament to the results we achieved together.”

She added that this recognition reflects Liberia’s demonstrated leadership, commitment to reform, and active engagement in its own development path.
Throughout the week, the MCC delegation will engage with a broad range of stakeholders to better understand the key constraints to inclusive economic growth in Liberia including: the Ministry of Foreign Affairs, the National Investment Commission, Central Bank of Liberia, the Liberia Institute of Statistics and Geo-Information Services (LISGIS), the Ministry of Mines and Energy, and the Liberia Extractive Industries Transparency Initiative (LEITI).

Others are: the Liberia Revenue Authority, Liberia Special Economic Zone Authority, Ministry of Commerce and Industry, Liberia Chamber of Commerce, and the Liberia Macroeconomic Policy Analysis Center (LIMPAC) at the Ministry of Finance and Development Planning.
These findings will inform the design of any potential second Compact should Liberia be selected.

“Our team is here this week because, as your Minister noted, MCC’s Board of Directors will meet in December to decide on Liberia’s eligibility for a second Compact,” Madam Monahan concluded.

Speaking earlier, Acting Minister of Finance and Development Planning, Hon. Anthony G. Myers, expressed appreciation to President Donald Trump and the Government of the United States for reconsidering Liberia for a second Compact under the Millennium Challenge Corporation (MCC).
He noted that Liberia had already begun preparations for the second Compact prior to a pause in the process earlier this year and welcomed the resumption of discussions.

Minister Myers expressed optimism that Liberia will be selected for the new Compact, citing the long-standing partnership between the two countries and their shared commitment to development.
He further highlighted that the delegation’s detailed itinerary reflects a strong interest in understanding the complex economic challenges Liberia faces—not only in terms of economic development, but also in social progress and trade.

The MCC’s Constraints to Growth Analysis is a core component of its evidence-based approach to development assistance, ensuring that Compact investments target the most binding constraints to economic growth and poverty reduction.