Home NewsLiberia Central Bank Governor stresses importance of digital credit facility…

Central Bank Governor stresses importance of digital credit facility…

by Jonathan O. Grigsby, Sr

MONROVIA, LIBERIA-The Governor of the Central Bank of Liberia, Aloysius Tarlue, has underscored the importance of digital credit facility for Liberian businesses.


Governor Tarlue said:” Creating access to finance has always been a key priority of the Liberian Government, a commitment the CBL is holding so highly.”


He wants Liberian Business women take advantage of digital credit opportunities made available through the formal financial sector, and expand their enterprises.


The CBL Governor was speaking Wednesday, September 21, 2022, in Monrovia, at a one-day stakeholders’ meeting on the dissemination of digital credit guidelines and potential opportunities in the financial sector.


The gathering was organized by the Central Bank of Liberia, in partnership with International Finance Corporation.


The Central Bank Governor said digital credit guidelines must align with current situation in the Liberian financial sector.


Meanwhile, the Resident Representative of the International Finance Corporation Alexandra Celestin says the introduction of digital credit will increase access to finance for local enterprises in Liberia.

Madam Celestin said:” The digital credit facility will provide alternative sources to access finance, in addition to loans provided to households and businesses by commercial banks and micro-finance institutions.”

She said this will boost the business climate in Liberia, especially in the agriculture and other private sector investments.

Also speaking, World Bank Country Manager, Khwima Nthara, said:” Digital credit has improved the lives of ordinary people, and expressed the optimism that Liberians will reap the dividends of such facility.”

Mr. Nthara also recommits the World Bank’s commitment to working with the Central Bank, in ensuring ordinary Liberians and local businesses have access to finance.

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