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CBL Launches Collateral Registry of Liberia
Date Uploaded: Feb 28, 2015

Central Bank of Liberia (CBL) Boss J. Mill Jones

 

 

CBL Launches Collateral Registry of Liberia

By Comfort M. Johnson

MONROVIA, February 27 (LINA) –The Central Bank of Liberia (CBL) has launched the Collateral Registry of Liberia with support from the International Finance Corporation (IFC).

The CBL in its 2014 annual report said the establishment of the Registry in June 2014 has made Liberia the second country to Ghana to establish a properly functioning state-of-the- art registry in the West African Monetary Zone (WAMZ).

The report said the registry receives, stores and makes available to the public financing statements relating to security interests, finance leases and liens in

moveable collaterals, according to the Liberia News Agency.

The report stated that at the end of 2014, the registry had 30 registered clients or creditors, adding that it also had 33 loans collateralized with movable assets registered in the registry system.

Meanwhile, the CBL report showed that in September, 2014, the Registrar of the Collateral Registry presented the development of the Collateral Registry at IFC’s 5thfinancial infrastructure and risk management training in Rabat, Morocco.  

LINA

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