CBL To Launch Financial Sector Development Implementation Plan

MONROVIA – November 16, 2016:  The Central Bank of Liberia (CBL) will on Friday, November 18, 2016 at 11:00am, formally launch the Financial Sector Development Implementation Plan (FSDIP) at the Monrovia City Hall. The plan is being launched in collaboration with the World Bank and FinancialInstitutions Reform and Strengthening Trust (FIRST) Initiative.

 

The Vice President of Liberia, Ambassador Joseph N. Boakai, is expected to deliver the keynote address and launch the plan. Other speakers at the formal launch are the Executive Governor of the Central Bank of Liberia, Hon. Milton A. Weeks, Minister of Finance and Development Planning, Hon. Boima S. Kamara, Country Manager of the World Bank, Ms. Larisa Leshchenko, Resident Representative of the International Monetary Fund (IMF), Mr. Charles Amo-Yartey, Financial Sector Specialist of FIRST Initiative, Mr. Marlon Rawlins among others.

 

The Financial Sector Development Implementation Plan (FSDIP) provides a national prioritized, sequenced and time-bound roadmap for implementing reforms in the financial sector including the banking, insurance, credit information and payment systems, digital finance and pension funds. The Plan also covers financial inclusion, enterprise access to finance, anti-money laundering/countering financing of terrorism, regulation and supervision amongst others.

 

The FSDIP is also an important component of the Agenda for Transformation (AfT) and Vision 2030 for Liberia.

 

 

For further details contact:

Cyrus Wleh Badio

Head of Communications

Central Bank of Liberia

Monrovia, Liberia

Email: cwbadio@cbl.org.lr/wlevan1000@yahoo.com