MONROVIA, LIBERIA (Varflay Kamara)-President George Weah, has with immediate effect, removed the Central Bank of Liberia (CBL) from the Economic Management Team.
President Weah said:” The decision is to further strengthen the independence of the bank.”
The disclosure was made by President Weah Monday, January 27, 2020, during his annual message delivered to members of the 54th Legislature.
President Weah said:” The Economic Management Team will now begin to discuss all Monetary Policy and related matters.”
The Liberian Leader also disclosed that the Board and Management of the CBL will take full responsibility of the Monetary Policy.
President Weah urged the lawmakers to consider the revised Act of the Bank which is intended to strengthen the Bank’s operational independence.
In another development, the Liberian Government says it has the support of its International Partners contrary to rumor that Government does not possess the trust and confidence of its International Partners.
President George Weah said:” The International Partners have fully supported the vision and plans of his administration for transformation and development in Liberia.”
President Weah said:” Hundreds of millions have been provided in grants and loans, professional advice and technical support given to make the dreams of Government a reality.”
President Weah was speaking during the delivery of his Annual Message Monday, January 28, 2020, to members of the 54th Legislature on Capitol Hill, in Monrovia.
The Liberian Leader said his Government and Partners have worked over the year to avoid things that have the propensity to disrupt the growth of the Economy.