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CBL Maintains 3 Internal Committees
Date Uploaded: Apr 09, 2017

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CBL Maintains 3 Internal Committees

By Stephen N. Sonpon

MONROVIA, April 9 (LINA) -The Central Bank of Liberia (CBL) has maintained three key internal committees to ensure monitoring, governance and good organization in 2016, a CBL report has said.

The CBL 2016 annual report released recently named the committees as the Money Management and Policy Review Committee (MMPRC), the Financial Stability Committee (FSC) and the Payments System Project Steering Committee (PSPSC).

The report indicated that MMPRC considered various policy matters aimed at ensuring the realization of the bank’s primary goal of price stability and fostering balanced economic growth, contributing towards the broader national objective of sustained economic development.

The FSC deliberated on several strategic issues with a view to safeguarding the stability of the financial system from the perspective of banks and non-bank financial institutions and to ensure efficiency in service delivery and greater degree of financial inclusion for both households and businesses.

The report, however, indicated that the development of the infrastructure upgrade for the National Payments System and other related payments system issues were the main focus of the PSPSC during the year.

LINA SNS/JGT/PTK

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