MONROVIA – At the 45th Meeting of the Convergence Council of Ministers and Central Bank Governors of the WAMZ held on Friday, August 27 via Zoom, Liberia assumed the leadership of the Convergence Council of the WAMZ, taking over from Sierra Leone. He noted that although Liberia has not received a dime in central bank financing for two fiscal years now, it is said to have failed the Central Bank financing indicator because of COVID-19 related disbursement from the IMF that were on-lent to Government through the Central Bank of Liberia. The Minister argued that this should not be considered normal central bank financing. After presentation of a technical report from the Governors Council, presented by CBL Governor Aloysius Tarlue, who also assumed the Chairmanship of the WAMZ Governors Committee, Ministers and Governors deliberated a number of observations and recommendations. The meeting adjourned after adopting the report from the Governors Council and is expected to convene during the next scheduled Convergence Council meeting.

Source: Front Page Africa August 30, 2021 02:26 UTC