MONROVIA – In a strategic move to bolster Liberia’s economic resilience, President Joseph Nyuma Boakai has reactivated the Economic Management Team (EMT). According to a press release issued and signed by Presidential Press Secretary Kula Bonah Nyei Fofana, this reactivation aims to ensure the coordination of the government’s fiscal and monetary policy, accelerate economic reforms, and strengthen existing regulations. Additionally, the EMT will enhance the oversight functions of various Ministries, Agencies, and Commissions.
The EMT, which will be chaired by President Boakai himself, is designed to serve as a think tank on economic matters, providing solutions to tackle economic uncertainties and immediate policy interventions. The team will also play a crucial role in improving the implementation of the Public Financial Management (PFM) law, ensuring transparency and accountability as part of the ARREST Agenda for Inclusive Growth.
The members of the reactivated EMT include the Minister of Finance and Development Planning as Co-Chair; the Executive Governor of the Central Bank of Liberia; the Commissioner General of the Liberia Revenue Authority; the Minister of Commerce and Industry; the Chairman of the National Investment Commission; and the Economic Advisers to the President.
In a related development, President Boakai has appointed Mr. Henry F. Saamoi as the Acting Executive Governor of the Central Bank of Liberia (CBL), effective immediately.
President Boakai has called upon the newly appointed members to continue to demonstrate diligence, commitment, integrity, professionalism, and loyalty in their service to the country.
