The Central Bank of Liberia announced that Liberia has been unanimously endorsed to chair the West African subregion of the Association of African Central Banks for 2025/2026 at the AACB's 47th Annual Meetings in Yaounde, Cameroon. The nomination was made by the outgoing chair, the Central Bank of West African States, and Liberia subsequently named Sierra Leone as alternate chair. The release also highlighted Liberia's role in discussions on climate-related financial risk during the meetings. Executive Governor Saamoi chaired a symposium session on how central banks incorporate climate risks into financial stability assessments and policies, arguing that climate change now poses a material risk to inflation, fiscal balances, asset quality and banking system resilience in Africa. From Liberia's perspective, he pointed to the economy's reliance on agriculture and the exposure of coastal cities such as Monrovia and Buchanan to flooding and rising sea levels, and cited the Central Bank of Liberia's Climate Finance Roadmap, green housing finance work, and partnerships with the World Bank and the Alliance for Financial Inclusion to embed climate considerations in financial sector policy.
Central Bank of Liberia2025-12-08
Central Bank of Liberia takes chair of AACB West African subregion for 2025/2026
The Central Bank of Liberia said Liberia was unanimously endorsed to chair the West African subregion of the Association of African Central Banks for 2025/2026, with Sierra Leone as alternate chair. At the same meetings, Executive Governor Saamoi led a session on climate risk and outlined Liberia's agricultural and coastal vulnerabilities, along with the central bank's climate finance initiatives.