Monrovia - Central Bank of Liberia Executive Governor-Designate, Milton Weeks, says his main concern when he is confirmed to the top post will be to stimulate the domestic economy while at the same time ensuring an amendment of certain provisions in the CBL Act.
Appearing at a Senate confirmation hearing for the top job, Mr. Weeks said he will work with the Legislature to amend the CBL act. According to him, amendments were introduced to the CBL Act in 2014 but only a few issues were addressed, ignoring a number of recommendations from the CBL and the country’s development partners which, he believes, are very relevant.
“I share the opinion that the CBL Act be further strengthened in the governance structure,” he said. “I pledge to work with the Honorable Legislature in addressing these shortfalls in the revised Act. I must also take this opportunity to draw the attention of this honorable body to the continued difficult times ahead given the global economic crisis I alluded to earlier.”