Is the Central Bank of Liberia broke? Mr. Zaza disclosed that the Government of Liberia (GOL) in 2016 owed commercial banks a total of US$ 42,435,165. He explained that an analysis of commercial banks’ loan portfolios shows that three sectors of the economy accounts for the stated amount remained outstanding at the close of the fiscal period. He did not say when, although requested the Daily Observer to hold on to its story until he had done so. Meanwhile the Daily Observer has confirmed its readiness to publish the Central Bank’s comments in reaction to Mr. Zaza’s comments.

Source: Daily Observer December 18, 2017 02:28 UTC