IPNEWS: The Bureau of State Enterprises (BSE) has launched a five-year strategic plan aimed at transforming Liberia’s state-owned enterprises (SOEs) into more accountable, efficient, and financially sustainable institutions.
BSE Director General Theodore Momo said the 2025–2029 Strategic Plan is “more than a roadmap,” describing it as “a covenant with the Liberian people” and a blueprint for making SOEs engines of economic growth and public value.
Speaking Thursday at the launch ceremony in Monrovia, Mr. Momo said the reform agenda seeks to strengthen oversight, accountability, and transparency while ensuring that public resources are efficiently managed and strategic service-delivery goals are achieved.
He also praised President Joseph Nyuma Boakai for demonstrating the “political and administrative will” to place SOE reform at the center of Liberia’s national transformation agenda. Momo further commended the National Legislature for its support.
Delivering the keynote address on behalf of Deputy Finance Minister for Fiscal Affairs Anthony Myers, Assistant Finance Minister for Expenditure Dede Sandiman stressed the importance of accountability in the management of state-owned enterprises.
“Enterprises that are owned by the people must operate in a manner that protects the public interest, safeguards public assets, and delivers value for money,” Sandiman said.
He called for SOEs to be managed as commercially and professionally oriented entities while remaining anchored in their public mandates.
Sandiman said the reform process should focus on stronger corporate governance, improved financial reporting, effective internal controls, and measurable performance targets.
He identified five key priorities for reform: strengthening corporate governance; improving financial management and reporting; establishing clear performance targets; reducing operational inefficiencies and dependence on government subsidies; and protecting public assets while enhancing service delivery.
The launch ceremony, held Thursday in Monrovia, brought together heads of state-owned enterprises, government officials, representatives of the European Union, and other development partners.
