Hon. Augustine Kpehe Ngafuan

Professional Summary

Augustine Kpehe Ngafuan is a Liberian national, born on April 7, 1970 in Monrovia. He is a financial expert, diplomat and international development practitioner whose professional career and public service span more than 20 years. His leadership style consists of consultative engagement, innovative strategy development and effective delivery on core performance mandates under stressful and evolving circumstances.

Career Highlights

1. Sept 2024 – Present
   Minister of Finance & Development Planning
   Republic of Liberia
2. Dec 2020 – 2024
   Country Manager for Uganda
   African Development Bank (AfDB) — managed ~US$2.2 billion portfolio
3. May 2019 – Dec 2020
   Board Member; Chair, Audit Committee
   Ecobank Liberia Limited
4. 2012 – Oct 2015
   Minister of Foreign Affairs & Dean of the Cabinet
   Republic of Liberia
5. Aug 2008 – Feb 2012
   Minister of Finance
   Republic of Liberia
6. Jan 2006 – 2008
   Director General, Bureau of the Budget
   Republic of Liberia — youngest member of President Sirleaf's first Cabinet at age 35
7. 2004 – 2006
   Head of International Banking; Banking Analyst; Bank Examiner
   Central Bank of Liberia (CBL)

Key Accomplishments

• Spearheaded the completion and launch of the ARREST Agenda for Inclusive Development (AAID) — Liberia's national development plan 2025-2029 — and the 15 County Development Agenda (CDA).
• Coordinated Liberia's selection for eligibility under the Millennium Challenge Corporation (MCC) compact.
• Under his leadership, for the first time the national budget was passed before the commencement of the fiscal year.
• As Minister of Finance (2008-2012): led Liberia to the HIPC Completion Point in 2010, triggering cancellation of nearly US$5 billion in external debt including 100% Paris Club cancellation.
• Served as Liberia's Governor at the World Bank, AfDB and IMF, and chaired the AfDB Constituency for Liberia, Ghana, Gambia, Sudan and Sierra Leone.
• Mobilized ~US$250M to pave the Redlight–Gbarnga–Guinea border road and secured funding for the Monrovia–Buchanan Highway.
• Drove passage of Liberia's Public Financial Management (PFM) Law in 2009 and adoption of accompanying regulations in 2010.
• Introduced IFMIS to automate government budgeting and expenditure, IPSAS accounting standards, and Direct Deposit salary payments.
• As Foreign Minister: negotiated US$60M China grant for the Ministerial Complex and US$50M Japan tranche for Somalia Drive expansion; advocated globally for Liberia's Ebola response.
• As AfDB Uganda Country Manager: grew the Uganda portfolio by ~US$600 million during a four-year tenure.