Liberia: CBL Launches National Financial Inclusion Strategy

The Government through the Central Bank of Liberia (CBL) has launched a four-year (2019-2023) National Financial Inclusion Strategy of Liberia (NFISL) for inclusive economic growth and development.

The launch, which was held in the auditorium of the CBL on Friday, December 13, 2019, aims to promote access to financial services through digital channels in the country in a coordinated and focused manner.

From the perspective of monetary authorities, evidence shows that financial inclusion is crucial for promoting not only financial stability, in terms of efficient funding sources, but also relevant for supporting private sector development and monetary stability.

The Strategy, which was developed with technical support from the World Bank, also seeks to drive the financial inclusion agenda of Pillars I and II under the Pro-poor Agenda for Prosperity and Development (PAPD) as part of the Government's objective.

Speaking at the launch of the occasion, Deputy Finance Minister for Fiscal Affairs, Samora Wolokolie, commended the CBL and the World Bank Liberia Country Office for the technical and professional leadership role-play in the development of the NFIS.

Minister Wolokolie, who launched the financial inclusion strategy on behalf of President George M. Weah, said, "Our active participation and commitment to furthering the NFISL agenda is very essential to its success."

He said as a champion of financial inclusion "we need to hit the ground running, to operationalize this strategy, and it will require perseverance, collaborating spirit, focus attention and diligence."... Read more on All Africa

Source: All Africa