IMF Beefs Up LRA Corporate Governance with Board Capacity-Building Training

Monrovia, Liberia: The International Monetary Fund (IMF) AFRITAC West 2 has concluded a three-day capacity-building training for members of the Board of Directors of the Liberia Revenue Authority (LRA), aimed at strengthening governance, strategic oversight, and institutional performance.

The training, supported by the IMF’s Technical Assistance Center for West Africa (AFRITAC West 2), focused on enhancing the Board’s effectiveness in guiding the Authority’s administrative governance in line with global best practices in public financial management and revenue administration.

Facilitated by IMF expert Ms. Moureen Kidd, the sessions covered key areas including board decisions and legal responsibilities of board members, LRA governance model, board calendar, board mechanics, budgeting processes and execution, and effective resource management. 

Participants also reviewed IMF research on revenue authorities, with emphasis on corporate governance frameworks, performance evaluation systems, and accountability mechanisms.

According to findings highlighted during the training, successful revenue authorities require clear legal mandates, strong and functional boards, and effective executive leadership to drive reforms and improve tax compliance.

Speaking at the closing of the workshop, LRA Board Chairman David K. Vinton underscored the importance of continuous learning and collaboration in advancing the Authority’s mandate. 

He emphasized that the Board plays a critical role in providing strategic direction and ensuring that the LRA meets its revenue targets and on institutional objectives.

“Our role as members of the Board is central to the growth and performance of the LRA. I urge you all to remain focused and committed in executing our oversight responsibilities.” Mr. Vinton noted.

Also speaking, LRA Commissioner General and Secretary to the Board, James Dorbor Jallah, noted that investing in the capacity development of the board is essential to strengthening accountability and improving operational efficiency within the Authority.

He added that the initiative aligns with the LRA’s broader goal of enhancing governance systems to support sustainable domestic revenue mobilization and national development.

The capacity-building initiative reflects the continued partnership between the IMF and the Liberia Revenue Authority in advancing reforms within Liberia’s tax administration system.

It also underscores the LRA’s commitment to strengthening leadership capacity and reinforcing governance structures to deliver improved public service outcomes.