MONROVIA, LIBERIA-The Central Bank of Liberia has recorded positive developments in the external sector of the country.
According to the CBL, amid geopolitical tensions, Liberia’s external sector showed notable improvement between August to October 2024, from 134.3 million recorded in the second quarter.
According to the Bank, Gross International Reserves grew by 7.7 % by the end of the third quarter, though still below the benchmark of three months of import coverage.
Meanwhile, the Central Bank of Liberia says it remains committed to rebuilding the country’s international reserves.
By: Frederick Teegwiah, Jr.