–Reactivates Economic Management Team
President Joseph Nyuma Boakai, Sr. has named Henry F. Saamoi as Acting Executive Governor of the Central Bank of Liberia (CBL). According to an Executive Mansion release, the appointment takes immediate effect.
President Boakai has meanwhile called on the appointee to continue to demonstrate diligence, commitment, integrity, professionalism, and loyalty in service to country.
Saamoi is the former President and Chief Executive Officer (CEO) of the International Bank (IB) Liberia Limited. On March 15, 2024, he was conferred with the prestigious Distinguished African Banking Personality Excellence Award by the African Leadership Magazine (ALM) and inducted into the esteemed ALM African Leadership Council (ALC) at the 12th ALM Persons of the Year (POTY) Ceremony, held in Addis Ababa, Ethiopia.
As the CEO of IB Bank, Saamoi played a pivotal role in driving innovation, fostering financial inclusion and promoting sustainable economic growth in Liberia and across the continent.
Under his guidance, IB Bank witnessed remarkable expansion and success, introducing innovative banking solutions, strengthening customer relationships, and contributing to the development of Liberia’s financial infrastructure.
President Boakai’s pick for Acting CBL Governor has been praised for his outstanding achievements, exemplary leadership, and unwavering commitment to advancing the banking sector’s excellence in Liberia, which is said to have continued to inspire and motivate industry stakeholders to strive for excellence and contribute towards building a prosperous and inclusive financial ecosystem across the nation and the African continent.
In a related development, President Boakai has reactivated the Economic Management Team. The Team is expected to ensure coordination of the government’s fiscal and monetary policy, the acceleration of economic reform in building a robust and resilient economy and strengthening existing regulations, as well as improving 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.
The Economic Management Team (EMT) will be chaired by the President. Members are Minister of Finance and Development Planning, Co-Chair; Executive Governor of the Central Bank of Liberia, Member; Commissioner General of the Liberia Revenue Authority, Member; Minister of Commerce and Industry, Member; Chairman of National Investment Commission, Member; and the Economic Advisers to the President, Member.