Strengthening Collaboration: LBA Quarterly Meeting with Central Bank of Liberia Leadership
The Liberia Bankers Association (LBA) recently held its quarterly meeting with the Executive Governor of the Central Bank of Liberia (CBL), Hon. Henry F. Saamoi. The high-level engagement also included the Deputy Governor for Economic Policy, Dr. Musa Dukuly; the Director for Supervision and Regulations, Fonsia Donzo; and other members of the CBL Senior Management Team.
The meeting, which convened in the Board Room of the CBL, brought together Managing Directors and Chief Executives from all nine licensed commercial banks operating in the country. It served as a vital platform for dialogue between the regulators and the banking industry, reflecting the shared commitment of both institutions to ensuring the stability, soundness, and growth of Liberia’s financial system.
Throughout the session, discussions focused on several pressing issues impacting the banking sector, including regulatory reforms, monetary policy direction, financial inclusion efforts, risk management, digital transformation, and ongoing efforts to combat illicit financial flows. The CBL leadership provided valuable insights into its policy priorities while the commercial banks shared their experiences, concerns, and suggestions on how best to move the sector forward.
This collaborative effort underscores the strong partnership between the LBA and the CBL in promoting a resilient and inclusive banking environment. Both institutions reaffirmed their commitment to continuous engagement, mutual transparency, and proactive policy coordination aimed at fostering economic development and public trust in the financial system.
As the financial landscape continues to evolve, regular engagements such as these remain essential to identifying challenges early, seizing emerging opportunities, and crafting practical solutions that serve the interests of all Liberians.
The LBA extends its appreciation to the CBL leadership for their openness and continued support. The Association looks forward to deepening this collaboration in the months ahead as it works collectively to strengthen Liberia’s banking sector.