EXECUTIVE SUMMARY
This Strategic Plan (2025-2029) marks the third formal Strategic Plan since the CBL became operational in 2000. It is developed along the three cardinal and principal objectives enshrined in the CBL’s Act : (1) promoting and maintaining price stability, (2) contributing to and promoting financial stability, and (3) supporting the economic policy of the government within the confines of its mandate.
The SP is aligned with the government’s National Development Plan (2025-2029), the ARREST Agenda for Inclusive Development (AAID), Liberia’s new IMF Extended Credit Facility (ECF) Program, the ECOWAS Monetary Integration Program, and other international principles such as the 3rd International Conference on Financing for Development (the Adidas Ababa Action Agenda, July 15, 2015) and the UN principles of Responsible Banking. The plan is structured around five strategic pillars: (1) Price Stability, (2) Regional Integration, (3) Operational Efficiency, (4) Financial Stability, and (5) Financial Inclusion and Digital Financial Services, which are premised on the core mandates of the Bank.
The plan seeks to support the AAID, which is based on six pillars: (1) economic transformation, (2) infrastructure development, (3) rule of law, (4) governance and anticorruption, (5) environmental sustainability, and (6) human capacity development, representing the key economic and development policies of the government. In developing this plan, the CBL engaged various stakeholders with the primary objective of ensuring that the plan captures the public and stakeholders’ expectations and understanding of the Bank’s role in the management of the Liberian economy.
With a fast changing and transforming financial system driven by digitalization and technology, the role of the CBL as the APEX financial institution has become more critical and challenging. With increasing trend in electronic money and Central Bank Digital Currency, globally, the Central Bank of Liberia needs to position itself in responding to these evolving issues.
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