Liberia: 'Liberia Remains Committed to Integration'

Feb 08, 2019 | Daily Observer; All Africa

The Executive Governor of the Central Bank of Liberia told a gathering of the WAMZ Central Bank Governors that Liberia remains committed to the effective implementation of the Road Map geared towards regional monetary and economic integration in the ECOWAS.

The Executive Governor of the Central Bank of Liberia (CBL), Nathaniel R. Patray, III, told a gathering of West African Monetary Zone (WAMZ) Central Bank Governors on Thursday, February 6, 2019 in Accra, Ghana, that Liberia remains committed to the effective implementation of the Road Map geared towards regional monetary and economic integration in the Economic Community of West African States (ECOWAS) in keeping with ECOWAS Monetary Cooperation Programme (EMCP), to which Liberia is a signatory.

According to a dispatch from Accra, Governor Patray expressed hope that the Technical Committee's discussions and deliberations of the WAMZ would bring the region closer toward the goals of establishing a credible monetary union within the sub-region.

The WAMZ founded on April 20, 2000 to establish the second monetary zone (the first being the West African Monetary Union comprising eight Francophone West countries) in ECOWAS to fast track the EMCP. The Member States of WAMZ are The Gambia, Ghana, Guinea, Liberia, Nigeria and Sierra Leone.

Speaking at the 38th meeting of the Committee of Governors of Central Banks of the WAMZ, Executive Governor Patray said ECOWAS continues to make significant progress in sustaining economic growth and macroeconomic convergence in spite of the economic, political and social challenges faced by Member States. Governor Patray also noted the improvement by the ECOWAS in 2018, as six member states achieved growth rates of more than 6-percent, while 11 countries remained in single-digit inflation. Read more from All Africa.

 

Source: All Africa