14 November 2012

Liberia: CBL Launches U.S.$Ten Million

The Central Bank of Liberia has launched a US$10 million mortgage credit stimulus initiative designed to help modest income earners desiring to own their homes gain access to financing and become homeowners.

Dubbed "CBL Mortgage Lending Credit Stimulus Initiative," the initiative, launched yesterday at a local hotel in Sinkor, brought together a broad representation of Liberians - entrepreneurs, civil servants, teachers, nurses, small traders and prominent personalities. It was aimed at providing an added shot in the arm of the Liberian economy, bank officials said.

Speaking at the program, CBL Executive Governor Dr. J. Mills Jones, described the gathering as "the face of Liberia, the beneficiary of the work we do at the CBL to maintain economic stability and promote inclusive economic growth."

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