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Liberia boosts MSMEs with $10M World Bank pledge and new programs to drive growth and jobs.
Liberia's government, development partners, and private sector have renewed efforts to boost MSMEs as a driver of economic growth, job creation, and innovation, highlighted at the 2025 National MSME Conference in Monrovia.
The World Bank pledged $10 million to support MSMEs, noting they comprise 90% of the private sector but remain largely small, underemployed, and constrained by limited market access and financing.
Key initiatives include the $6.5 million LIFT Project, a Youth Entrepreneurship and Investment Bank, and plans for a national credit guarantee scheme, digital marketplace, and quality infrastructure to support local products.
Liberia impulsa a las MIPYMES con un compromiso de 10 millones de dólares del Banco Mundial y nuevos programas para impulsar el crecimiento y el empleo.