Liberia’s Finance and Development Planning Minister, Hon. Boima S. Kamara, at the head of a three-man delegation, joined his counterparts from across the continent in Addis Ababa, Ethiopia from August 7 to 9 to assess the status and accelerate implementation of the decisions of the Assembly of Heads of States and Government to ensure financial autonomy of the Union by 2020.

Monrovia, Liberia - The President of Liberia, Her Excellency Madam Ellen Johnson Sirleaf is expected to meet delegates attending the ongoing Statutory Meetings of Finance Ministers and Central Bank Governors of the West African Monetary Zone (WAMZ) on Friday, 4 August 2017.

The government of Liberia says between 2014 through 2016, the economies of countries in the sub region were hard hit by unfavorable economic conditions including commodity price shocks, natural disasters and epidemic outbreaks.

The Executive Governor of the Central Bank of Liberia (CBL), Mr. Milton A. Weeks, on Monday 31 July 2017, set the tone of the 26th meeting of the College of Supervisors of the West African Monetary Zone (CSWAMZ) by urging members of the College of Supervisors of West African Central Banks to think through what is likely to cause a banking/financial crisis in the West African monetary zone as well as the efforts required to address such crisis. He said: “The need for a zonal crisis prevention, management and resolution framework is more and more evident. Do we have the right mechanisms to address the potential risks associated with the increasing digitization of our financial systems?”

The Government of Liberia through the Office of the National Authorizing Office, Ministry of Finance & Development Planning has kick-off a contract to put up additional transmissions and distribution lines intended to absorb more electricity to Monrovia from the Mount Coffee Hydro Dam.

The Executive Governor of the Central Bank of Liberia (CBL), Mr. Milton Weeks says global commodity price shock and the impact of a devastating Ebola Virus Disease (EVD) are two major factors responsible for the dismal performance of the Liberian economy during 2016.

The 2017 Mid-Year statutory meetings of the West Africa Monetary Agency (WAMA) and the West Africa Monetary Institute (WAMI) got underway today in the Liberian capital, Monrovia, with invited delegates from the sub region in attendance.

The Director General of the West African Monetary Agency (WAMA), Mr. Momodou B. Saho, says the ongoing ECOWAS conference comes against the backdrop of slowdown in growth momentum in the sub region reflecting developments in the largest economy, Nigeria.