President Joseph Nyuma Boakai, Sr., has reactivated Liberia's Economic Management Team (EMT) to ensure the coordination of the government's fiscal and monetary policy. The EMT aims to accelerate economic reforms, build a robust and resilient economy, strengthen existing regulations, and improve oversight functions of ministries, agencies, and commissions.
The team will also serve as a think tank on economic matters, offering solutions to tackle economic uncertainties, especially immediate policy interventions. It will work towards improving the implementation of the Public Financial Management (PFM) law to ensure transparency and accountability for the attainment of the ARREST Agenda for Inclusive Growth.
The EMT will be chaired by President Boakai. Its members include:
1. Minister of Finance and Development Planning (Co-Chair)
2. Executive Governor of the Central Bank of Liberia
3. Commissioner General of the Liberia Revenue Authority
4. Minister of Commerce and Industry
5. Chairman of National Investment Commission
6. The Economic Advisers to the President
In a related development, President Boakai has appointed Mr. Henry F. Saamoi as Acting Executive Governor of the Central Bank of Liberia (CBL). These appointments take immediate effect.
President Boakai called on those appointed to "continue to demonstrate diligence, commitment, integrity, professionalism, and loyalty in service to country."
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