The economic and financial crisis in Liberia has spread beyond the banking sectors and into Liberiaâ€™s struggling education sector, with a direct impact on the work of U.S. Peace Corps volunteers teaching in schools in rural Liberia.
The new Central Bank of Liberiaâ€™s executive governor-designate, Aloysius Tarlue, told senators on Thursday, Dec. 5 that he will work to restore public trust in the banking sector in the aftermath of a series of scandals involving the bank.
Amidst worsening economic conditions in the country, the Central Bank of Liberia has approved and adopted a new monetary policy as the framework for more robust steps to maintain price stability.
President George Weah has named Jolue Aloysius Tarlue as his pick to fill the position of executive governor of the Central Bank of Liberia.
The Council of Patriots has scheduled another protest on July 31, in a quest to get the government to act on its 45-count petition presented on June 9, 2019. However, the petition presents three challenges that probably inhibit the governmentâ€™s response. First, the unofficial delivery, second the legitimacy question that arises with the fast disintegration of CoP; and third, most of the demands are flawed, unspecific, and moot.
â€œMr. Nominee, let me take this time to congratulate you for your preferment. You know many times we are coerced to swallow the bitter pills to accept some average and some not average.â€ This was the exact comment of Grand Kruâ€™s Sen. Peter Coleman to former senator Blamo Nelson during his confirmation hearing as Liberia Ambassador-designate to Japan, before the Senateâ€™s Committee on Foreign Relations, Monday, July 8.
The Liberian Senate has voted to reject three of President George Weahâ€™s nominees for the Central Bank of Liberia Board of Governors. The nominees are Richard A, Dolley, Timothy Thomas, and James B. Dennis.
Autocrat, dictator, repressive, corrupt, and the list go on. These are a few of the words being used by opponents and others to describe President Weahâ€™s tenure. And, I must say that the president is not doing much to change those descriptions of his short stint as president so far.