IMF says Liberian central bank must make ‘sustained’ reform efforts
Publication of executive summary of report on bank failure is “first step” to transparency
The International Monetary Fund’s executive board has welcomed recent actions by the Central Bank of Liberia (CBL), but said that more action would be needed to reform the institution further.
The executive board said the central bank had suffered “a significant financial loss” due to the failure of First International Bank Liberia Limited (FIBLL), in an official statement released on November 13. But it added that the central bank’s decision to publish the executive summary of a forensic audit
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