Government   Holds High-Level Meeting to Advance Japanese Counterpart Value Fund Initiatives

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ADNews-Monrovia, Liberia:  The Ministry of Commerce and Industry (MOCI) has convened the second Ministerial Steering Committee (NSC) meeting on the Japanese Counterpart Value Fund, reinforcing the government’s push to ensure transparency, accountability, and strategic impact in the use of the fund.

By Persie Folley

Held in Monrovia on Tuesday,  April 28, 2026,  the meeting brought together key government officials, development partners, and stakeholders to review progress made under the fund and set priorities for its continued implementation. The session served as a continuation of ongoing discussions aimed at strengthening oversight and maximizing benefits for the Liberian people.

In remarks delivered during the meeting, officials from MOCI emphasized the importance of prudent management of the Japanese Counterpart Value Fund, noting that the initiative remains a critical tool for supporting private sector development, enhancing trade, and improving livelihoods across the country.

The Steering Committee reviewed ongoing projects financed through the fund, assessing their performance, challenges, and overall impact. Particular attention was given to ensuring that funded initiatives align with national development priorities, including job creation, support to small and medium-sized enterprises (SMEs), and the promotion of value addition in key sectors.

Stakeholders at the meeting also highlighted the need for stronger coordination among implementing entities and called for increased monitoring mechanisms to guarantee that projects deliver measurable and sustainable outcomes.

The Japanese Counterpart Value Fund, established through bilateral cooperation between the Government of Liberia and the Government of Japan, has played a significant role in financing development initiatives, particularly in agriculture, commerce, and industry.

The fund is generated from the sale of Japanese rice aid in Liberia, with proceeds reinvested into development projects.

Participants reaffirmed their commitment to maintaining transparency in the utilization of the fund, while also pledging to strengthen institutional frameworks that guide its operations.

As discussions continue, the Ministry of Commerce and Industry is expected to lead efforts in ensuring that the fund remains a catalyst for inclusive economic growth and national development.

The meeting concluded with renewed assurances from stakeholders to uphold accountability standards and accelerate the implementation of priority projects under the Japanese Counterpart Value Fund.