The Central Bank of Liberia has published the January to June 2025 edition of The Regulator, its official newsletter, highlighting a set of reforms and initiatives aimed at payments modernization, financial inclusion and financial sector resilience. The main focus is the March launch of the Pan-African Payment and Settlement System and a national Financial Education Program, which the bank presents as linked measures to support cross-border trade in local currencies and address low financial literacy. The magazine also reports that the Monetary Policy Committee raised the policy rate by 0.25 percentage point to 17.25 percent while keeping reserve requirements unchanged, citing inflation pressures and exchange rate stability. A second major theme is the Central Bank of Liberia’s 2025-2029 strategic plan, ratified in February and later presented to partners as a USD63.32 million, 55-project program, with USD16.01 million of donor commitments already secured. The plan sets out moves toward an inflation-targeting framework, modernization of the National Electronic Payment Switch, establishment of the Liberia Inter-Bank Payment and Settlement System, stronger bank and insurance supervision, automated consumer complaint handling, cybersecurity guidance for financial institutions, and a de-dollarization objective of 50 percent by the end of 2029. The newsletter also covers related work including validation of a draft Insurance Act to establish an independent Insurance Commission, a World Bank climate-finance roadmap workshop, Liberia’s entry into the World Bank’s Reserve Advisory and Management Partnership, and African Development Bank-backed upgrades to cheque clearing, automated clearing, real-time gross settlement and data-center infrastructure. Next steps described in the publication include radio, television, social media and in-person financial education outreach in eight counties, PAPSS awareness campaigns in nine counties targeting banks, traders and small and medium enterprises, and county-level trainer deployment that began in Grand Gedeh. The bank also said the strategic plan’s digitalization component is intended to integrate mobile money operators by August 2025, while the draft Insurance Act is to move through final review and submission to the legislature.
Central Bank of Liberia2025-09-15
Central Bank of Liberia publishes Jan to June 2025 Regulator magazine highlighting PAPSS rollout and 2025 to 2029 strategic plan
The Central Bank of Liberia’s latest Regulator magazine centers on the rollout of PAPSS and a national Financial Education Program, alongside a broader 2025-2029 reform agenda for payments, supervision and financial inclusion. It also reports a 0.25 percentage point increase in the policy rate to 17.25 percent and outlines plans to modernize payment infrastructure, advance insurance sector reform and expand county-level outreach.