Welcoming The CBL’s Empowerment Initiatives
OVER THE WEEKEND, the Central Bank of Liberia (CBL) empowered the 15 branches of the Liberia Marketing Association currently operating in the political sub-division of the country.
ACCORDING TO CBL Executive Governor, Dr. Joseph Mills Jones, the fight against poverty begins with access to financing, which is an instrument to creating a Liberian middle class and ensuring the participation of indigenous businesses, including the indigenous market populace which is being led by the Liberia Marketing Association.
DR. JONES SPOKE on behalf of the Board of Governors of the CBL when he gave a soft loan of L$23m to the Liberia Marketing Association (LMA) last Saturday.
THE L$23M LOAN package will be spread to all the organization’s branches in the fifteen political sub-division of the country. During the ceremony, the CBL also announced that L$75,000.00 each is being made available to LMA branches in the fifteen counties of Liberia as fund set aside to manage the L$23m given to the various counties.
INDEED, WE WELCOME this gesture by the CBL considering it as a key to moving the Liberian economy forward which is very cardinal to improving the country and redeeming ordinary Liberians from poverty.
AS THE CBL boss rightly said, the Liberia Marketing Association (LMA) has the capacity to change the course of Liberia by working harder in a bid to achieve economic transformation. But we believe this can be done with the assistance of other partners including the CBL and other stakeholders.
THE PAYMENT OF this loan is in the best interest of national unity and economic transformation to assist an indigenous group like the Liberia Marketing Association (LMA) and that is why we are applauding the CBL especially its Executive Governor, Dr. Jones for the quick move by his institution.
THE CBL HAS done and continue to do well for ordinary Liberians something that is very important for the economic revitalization of the nation’s economy which has been in shambles for several years. We believe that with the payment of this loan, our citizens especially those residing in the leeward counties will be able to get loan and continue their normal business transaction across the country.
AS WE COMMEND the CBL for this kind gesture, we also call on other partners and agencies to emulate the good example of the CBL by ensuring that other Liberians be empowered to boost our economic viability.
AS WE CONCLUDE, we are again lauding the CBL under the furtive leadership of Governor Jones for his empowerment initiative and call once again on others to get involved in this worthy venture to help in making poverty a history in Liberia. Bravo, CBL as we continue to count on you for assisting our citizens.