When President George Weah appointed Mr. J. Aloysius Tarlue Jr., as Executive Governor of the Central Bank of Liberia (CBL) on November 8, 2019, critics claimed that he was unfit for the job. The CBL has been able to contribute to macroeconomic stability through achieving low inflation, maintaining broad exchange rate stability and promoting financial stability. From a financial stability perspective, the CBL continues to maintain robust regulatory and supervisory systems to promote a safe and sound financial system. The financial system remained resilient during the period under review, but has been negatively impacted by COVID-19, leading to rising of non-performing loans (NPLs). The CBL is taking steps to address this situation and ensure that the financial system continues to support the private sector to create jobs and income.
