MONROVIA, Oct. 16 (LINA) – The Director General of the National Fisheries and Aquaculture Authority (NaFAA), J. Cyrus Saygbe Sr. has held high-level discussions with the World Bank Group’s (WB) Director for Environment and Blue Economy on expanding investment in Liberia’s fishery sector to attract private businesses, create jobs and strengthen livelihoods.
The meeting took place on the sidelines of the 2026 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group in Bangkok, Thailand, during the ministry of Information regular press briefing on Thursday, October 15, Information Ministry Deputy Minister for Press and Public Affairs Daniel O. Sando disclosed that the discussions centered on progress under the World Bank-funded Liberia Sustainable Management of Fisheries Project and the investment needed to translate those achievements into broader economic opportunities.
Speaking at the meeting, Mr. Saygbe highlighted advances under the World Bank-supported projects in fishery management, aquaculture development, livelihood support and preparation for critical infrastructure investment.
He emphasized that finalizing work on infrastructure, productive capacity and the fishery value chain will help consolidate these gains and create conditions for greater private sector participation.
According to him, there are opportunities for commercial investment in aquaculture, fish processing, cold storage, transportation, fishery infrastructure and related services.
Mr. Saygbe noted that addressing infrastructure gaps and strengthening the business environment will enable investors to establish and expand enterprises, while keeping more economic value within Liberia.