- Search Results
 
 
Central Bank Projects 3.2% Growth In 2017
Date Uploaded: May 10, 2017

Montserrado County Flag

 

Central Bank Projects 3.2% Growth In 2017

MONROVIA, May 9 (LINA) – Central Bank of Liberia (CBL) Executive Governor, Milton A. Weeks, has projected a 3.2 percent growth rate in the country’s economy in 2017 as opposed to the negative 1.2 percent recorded in 2016.

Governor Weeks noted that the level of growth in the economy in 2017 will be driven by almost all of the sectors of the economy as compared to 2016.

Releasing the CBL’s 2017 Policy Statement in Monrovia on Monday, Weeks also indicated that the annual average inflation in 2017 is expected to take an upward trend of around 11.0 percent, attributing this to depreciation o f the Liberian Dollar.

“Any drop to a single-digit rate of inflation would depend on the movement of the exchange rate, international oil and food prices and the level of improvement in roads construction and energy supply,” he noted.

 He said the CBL will remain focused on its core mandate during the year in order to achieve its monetary policy objectives by continuously working closely with the fiscal authorities and other stakeholders to improve the country’s fiscal sector aimed at promoting economic growth and development.

The CBL Executive Governor assured Liberians of the bank’s continued efforts aimed at sustaining a stable macroeconomic environment characterized by broad exchange rate stability and low inflation, despite the country’s slow recovery from the Ebola crisis and the drop in basic commodity prices.

LINA PSN/TSS/PTK

latest headlines
CNFA-Liberia& Partners SupportCommercialization of Local Rice
An international NGO, Cultivating New Frontiers in Agriculture-Liberia (CNFA-Liberia) and the International Fund for Agricultural Development (IF ...more
Coca-Cola Africa Recommits To WASH Promotion
Coca-Cola Bolstering Africa’s Resilience and Replenish Africa Initiative Programs say more than six million Africans are expected to be reached ...more
Children Forum Craves Justice In Bong
More than 150 children from the 13 administrative districts of Bong County under the umbrella of the Liberian Children Forum have gathered in Gba ...more
PUL To Hold Conflict Sensitive Journalism, Social Media Activists Training
The Press Union of Liberia (PUL) has announced that it will hold a two-day Conflict Sensitive Journalism and Social Media Activists Training from ...more
UN Begins Women Confab In Bong
The United Nations Entity for Gender Equality and Empowerment of Women in Liberia is currently conducting four-day Peace Hut Women Strategic Plan ...more
CU Prexy Brown Is 170th Independence Day National Orator
The Ministry of Foreign Affairs has announced that Dr. Herman Beseah Browne, President of the Cuttington University is the 170th Independence Ann ...more
 
All rights reserved © 2013 - 2014
Liberia News Agency