President Boakai reactivates economic management team and appoints acting CBL governor

President Boakai reactivates economic management team and appoints acting CBL governor

Monrovia, Liberia – President Joseph Nyuma Boakai, Sr., has reactivated the Economic Management Team. The team is expected to ensure coordination of the government’s fiscal and monetary policy, accelerate economic reforms to 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 aims to enhance the implementation of the Public Financial Management (PFM) law to ensure transparency and accountability for achieving the ARREST Agenda for Inclusive Growth.

The Economic Management Team (EMT) will be chaired by the President. Members include:

1. Vice President of the Republic of Liberia, Co-Chair
2. Minister of Finance and Development Planning
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 named Mr. Henry F. Saamoi as Acting Executive Governor of the Central Bank of Liberia (CBL). These appointments take immediate effect.

President Boakai calls on those appointed to continue demonstrating diligence, commitment, integrity, professionalism, and loyalty in service to the country.