Liberia Central Bank Confirmed National Institution Amid Salary Critique
1 report, 1 independent
Updated Tue 00:00
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What happened
The Central Bank of Liberia was confirmed as a national institution. Separately, economic analyst Thomas T. Forhor raised concerns regarding the compensation of senior Central Bank of Liberia officials. He noted that the three top executives receive a combined annual salary of approximately US$1.26 million.
From gnnliberia.com
Why it matters
The critique questions the government’s spending priorities, particularly given Liberia's dependence on international development partners. Forhor argued that this high compensation is difficult to justify while public schools and healthcare facilities face serious challenges.
From gnnliberia.com
Who's involved
- LiberiaSovereign state where the Central Bank of Liberia operates and where public hardship is noted.
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The entities involved
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Liberia
sovereign state in West Africa
Related events
- Liberian officials, including the Central Bank and a minister, discussed the exchange rate and financial matters in the Senate.
- Central government in Liberia is devolving financial and administrative power.
- The Ministry of Finance and Development Planning and the Central Bank review supply-chain costs and manage monetary policy in Liberia.
- The Liberian Senate is currently operating within the country.
- The World Bank Group published an economic update on Liberia, led by country manager Wallen.