08/06/2026
President Boakai Endorses Three Concept Notes from the Proposed Second MCC Team
June 8, 2026
Executive Mansion, Monrovia — President Joseph Nyuma Boakai, Sr. has received and endorsed three Concept Notes submitted by the Compact Development Team (CDT) as Liberia advances preparations for a proposed second Millennium Challenge Corporation (MCC) Compact.
The Concept Notes, presented to the President on June 3, 2026, by CDT National Coordinator Mr. Alieu Fuad Nyei and members of the team, set out Liberia’s strategic priorities to confront the binding constraint of electricity for critical industries.
The documents identify development challenges, propose practical interventions, and outline anticipated results from potential MCC investments.
The first Concept Note proposes interventions in power generation, transmission and sector governance to expand access to reliable, affordable electricity and to promote reforms that improve sector efficiency and performance.
The second Note focuses on workforce development in the energy sector, emphasizing the technical skills required to operate and sustain energy investments. The third Note targets mining governance and investment facilitation, aiming to strengthen regulatory systems and improve management of Liberia’s mineral resources.
Mr. Nyei informed the President that the proposals are grounded in MCC investment criteria, addressing root causes of economic constraints, delivering high economic returns, and reflecting strong national ownership of both problems and solutions.
President Boakai commended the CDT for its diligence, endorsed the Concept Notes, and instructed heads of agencies to work closely with the team. He directed periodic reporting on compact progress and emphasized coordinated implementation of reforms across government to sustain Liberia’s strong performance on the MCC Scorecard.
The President also directed that the Concept Note ideas be presented to Cabinet for collective endorsement as a national priority.
Representatives and heads of key government institutions central to Liberia’s electricity, workforce and mining priorities attended the presentation, demonstrating a whole-of-government approach to the compact process.
Following the President’s endorsement, the finalized Concept Notes were submitted to the MCC on Friday, June 5, 2026.
The MCC is expected to convene an Investment Management Committee meeting in late July 2026 to review Liberia’s proposed investments. A decision will be communicated to the Government of Liberia in early August 2026.
Source: E-mansion
