CENTRAL OF BANK OF LIBERIA CLARIFIES
The Central Bank of Liberia (CBL) says it is only minting coins in L$5 and L$10 contrary to speculations that it is minting L$30 and L$25.
Category: Finance
Senate Concurs with House on Recast Budget
The Plenary of the Liberian Senate has concurred with the House of Representatives on the passage of the draft Restated 2022 National Budget in the total amount of US$806,587,341.00 (Eight Hundred Six Million Five Hundred Eight-Seven Thousand Three Hundred forty-one United States Dollars).
Senate Denies 30k claims
The Liberian Senate has clarified that at “no point in time” did members of the Senate receive US$30,000.00 each for Legislative Engagement in the 2022 Budget.
Recast Budget Passage Backfires; As Rep. Solomon George Requests Kickbacks
In the wake of the economic instability faced by Liberians from across all sector of the society, controversial passage of the 2022 recast budget by the House of Representatives in Liberia has backfired amid huge public condemnation.
President Weah Makes Strong Economic Recovery Case at IDA’s Summit
The President of the Republic, Dr. George Manneh Weah, has been making a strong case for economic recovery for Liberia and other developing countries to the world’s economic powers amid the ripple effects of COVID-19, the war in Ukraine and other global adversities.
GOL And World Bank Sign Over US$44-Million Financing Agreement
Government and World Bank sign over US$44-million financing agreement geared towards enhancing women’s empowerment and improving access to livelihoods
European lenders criticised for bankrolling rubber industry deforestation in Africa
A new report warns European banks and tyre manufacturers are “propping up” widespread deforestation by rubber producers in West and Central Africa, sparking calls for the EU to introduce stricter … Read More
ECOWAS delegation meets Deputy Finance Minister for Fiscal Affairs
A delegation from the Economic Community of West African States (ECOWAS), on Wednesday, June 1, 2022, met deputy finance minister for fiscal affairs Dr. Samora P.Z. Wolokolie to discuss the process leading to Liberia’s transition from Goods and Service Tax (GST), to Value Added Tax (VAT).
Liberia, World Bank sign Project Valued US$40M
The Government of Liberia represented by the Ministry of Finance and Development Planning, and the World Bank on Tuesday, May 31, 2022, signed a $40 million project known as the Liberia Urban Resilience Project (LURP).
Shedding light on Liberia’s human capital outcomes
Nobel-laureate economists Esther Duflo and Abhijit Banerjee have recently expressed that, despite decades of intensive research, there is no silver bullet for promoting sustainable and inclusive economic growth. However, the good news … Read More