The Central Bank of Liberia is conducting a seminar and capacity building forum on the management of rural community financial institutions (RCFIs) in Liberia. The seminar, which started on Monday, December 11 at the Guinea Embassy Entertainment Center in Ganta City, Nimba County, will bring together Board Members of the RCFIs – local banking institutions established by the CBL. The workshop will cover topics such as, RCFIs prospects and challenges (the Liberian experience); needs assessment of RCFIs; discussion SWOT analysis of ACDI/VOCA; and the importance of community banking (the Sierra Leone experience). The CBL has brought experts from Sierra Leone to share their experiences with regards to the running of community banking institutions. Meanwhile, a release from the City Mayor of Ganta has called on the CBL and Afriland Bank to extend branches to other parts of Nimba to ease some of the banking problems faced by farmers and civil servants.

Source: Daily Observer December 14, 2017 02:15 UTC