Ambassador Yorlay Meets with Director of Monaco Economic Board to Strengthen Economic Cooperation

By: Keith Morrison | Contributing Writer

Monaco| March 11, 2026|Ambassador Dr. Teeko Tozay Yorlay, Sr., yesterday, March 10, 2026 held a high-level meeting with Mr. Guillaume Rose, Director of the Monaco Economic Board (MEB), to explore opportunities to strengthen economic cooperation, promote investment, and advance sustainable development between Liberia and Monaco; but also intended to fast track the full implementation of various components of the ARREST Agenda for Inclusive Development; the  Government of Liberia current flagship blueprint for holistic national development.

During the discussions, Ambassador Yorlay reaffirmed Liberia’s commitment to inclusive and sustainable economic growth and highlighted the Government’s ongoing reforms aimed at improving public financial management, strengthening the investment climate, and promoting private sector–led development under the ARREST Agenda for Inclusive Development.

“Liberia recognizes Monaco as a global leader in innovative investment strategies. We look forward to building strong partnerships that foster innovation, drive inclusive growth, and create shared prosperity,” Ambassador Yorlay stated.

The meeting underscored several priority sectors for potential collaboration, including natural resources and mining, agriculture and agro-industrial processing, infrastructure and energy, manufacturing, tourism and hospitality, as well as financial and digital services.

Ambassador Yorlay encouraged Monaco-based investors to explore opportunities in Liberia through public–private partnerships, direct investment, and joint ventures with Liberian enterprises.

The Ambassador also invited the support of the Monaco Economic Board, comprising 650 companies, in organizing a Liberia–Monaco Business Forum, which would facilitate dialogue and engagement between businesses in both countries. Discussions further explored potential cooperation with the Monaco Chamber of Commerce and relevant Liberian institutions, including the National Investment Commission and the Liberia Chamber of Commerce. He further proposed the development of a Memorandum of Understanding (MoU) to formalize and guide future collaboration.

In response, the Monaco Economic Board proposed dedicating the 2026 edition of Africa Day Monaco to Liberia, with the objective of showcasing the country as an impressive investment destination. The initiative, tentatively scheduled for November 2026, would provide a high-level platform to present Liberia’s economic reforms and investment opportunities to international investors and business leaders.

The event would also facilitate partnerships in key sectors such as infrastructure, agriculture, mining, and maritime services. By highlighting Liberia during the forum, the initiative would further strengthen economic diplomacy and help position the country as a credible and attractive destination for global investment.