By: Wilmot Konah
Monrovia, Liberia — The Manager of the National Road Fund of Liberia, Joseta Neufville Wento, has urged for stronger collaboration between contractors and banks to accelerate the country’s infrastructure development, emphasizing the need to streamline the procurement process to ensure projects are delivered efficiently. She made the call on the final day of a three-day Contractors-Banks-NRF Partnership Forum which started from March 24 — 26, 2026, and brought together requisite government institutions, construction companies, and representatives from the banking sector.
The forum concluded with the establishment of a multi-sectoral working group to oversee the formation of a strategic roadmap that will guide future collaboration between the banking sector, government institutions and contractors, providing a framework for sustainable infrastructure road development in Liberia.
Speaking at the forum’s climax, Wento emphasized that sustainable infrastructure growth requires not just government funding but also innovative financial partnerships that empower local contractors to access the capital needed for road projects. “Road Infrastructure is one of the backbones of economic development,” Wento said. “But without reliable financial support and a transparent procurement process, even the most skilled contractors face delays and constraints. Strengthening the relationship between banks and contractors will ensure projects are completed on time, creating jobs and stimulating economic activity.”
The forum focused on improving understanding between contractors and banks, highlighting funding mechanisms, risk management, procurement transparency, and accountability in project execution. Participants discussed how tailored financial products, timely payments, and credit support can empower contractors, particularly small and medium-sized enterprises, to execute critical road and bridge projects.
Bank representatives at the event expressed commitment to creating flexible loan arrangements and financial advisory services tailored to the construction sector. “We recognize the vital role contractors play in Liberia’s infrastructure development,” said a senior bank official. “By working closely with the National Road Fund of Liberia and contractors, we can provide the right financial tools to accelerate projects and ensure accountability.”
Contractors also welcomed the initiative, highlighting that timely access to funding often determines whether projects are completed efficiently. One participant noted, “Often, contractors have the technical expertise but struggle with liquidity. Forums like this help bridge the gap and encourage long-term partnerships with financial institutions.”
As Liberia continues to invest in road networks and critical infrastructure, Wento’s call underscores a growing recognition that collaboration between public institutions, private contractors, and financial institutions is essential for sustainable development. She concluded, “If we align our resources, expertise, and financial support, Liberia can achieve world-class road infrastructure that serves all citizens and boosts our economy for generations to come.”
