President Joseph Boakai has reactivated the Economic Management Team while appointing the Chief Executive Officer of the International Bank Liberia Limited, Henry F. Saamoi to act as the Executive Governor of the Central Bank of Liberia (CBL).
On Wednesday July 31, 2024, within a span of less than 24 hour following the suspension of Governor Aloysius Tarlue, President Boakai announced the appointment of Saamoi while naming the CBL Governor on the reactivated Economic Management Team.
Following President Boakai’s appointment of Mr. Saamoi as the acting Executive Governor of the Central Bank of Liberia, criticisms have begun emerging from concerned citizens across Monrovia.
Many are optimistic that the appointment of the former CEO of International Bank to act in said the position paves the way for the appointment of John B.S. Davis, a veteran in the banking sector, if Governor Tarlue, though occupying a tenure post at the bank, does not resurface as Governor of the CBL.
Meanwhile, the Economic Management Team is expected to ensure coordination of the Government’s fiscal and monetary policy, the acceleration of economic reforms in building a robust and resilient economy and strengthening existing regulations as well as improve oversight functions of Ministries, Agencies and Commissions.
The team will also serve as a think tank on economic matters, proffer solutions that would tackle economic uncertainties, especially immediate policy interventions and improve the implementation of the Public Financial Management (PFM) law in ensuring transparency and accountability for the attainment of the ARREST Agenda for Inclusive Growth.
President Boakai called on those appointed to continue to demonstrate diligence, commitment, integrity, professionalism, and loyalty in service to country.
