MONROVIA, LIBERIA — The Executive Governor of the Central Bank of Liberia (CBL), Henry F. Saamoi, has announced sweeping reforms to the country’s Collateral Registry System aimed at unlocking access to finance and accelerating private sector growth across the nation.
Speaking during the opening of the Stakeholders’ Validation Workshop on the Draft Amended Collateral Registry System Regulation on Tuesday, May 26, 2026, Governor Saamoi stated that the reforms represent a critical step toward modernizing Liberia’s credit infrastructure. He emphasized that the updates are designed to remove longstanding barriers that continue to limit access to financing for farmers, small businesses, and entrepreneurs.
Governor Saamoi noted that while the existing Collateral Registry System has successfully strengthened secured lending by allowing movable assets—such as equipment, inventory, vehicles, and receivables—to be used as collateral, many viable businesses remain excluded from formal credit opportunities. This issue is particularly pronounced in the agriculture and informal sectors due to restrictive traditional lending practices.
To directly address these challenges, the proposed amendments seek to expand the framework to include immovable assets such as land and buildings. This expansion will significantly broaden the pool of bankable collateral, creating major new financing opportunities for households and businesses nationwide.
The CBL Executive Governor also acknowledged the continued technical and financial support of the World Bank Group and the International Finance Corporation (IFC) in advancing Liberia’s financial sector reforms.
The workshop brought together a diverse group of financial and legal minds to review and validate the amended draft regulation. Participants included representatives from commercial banks, insurance companies, mobile money and fintech firms, microfinance institutions, development partners, and members of the legal community.
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