[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109167-en":3,"doc-seo-109167-105":31,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},109167,549758146520,"Patrick","https://ap-avatar.wpscdn.com/avatar/80002397d8c0411e94?_k=1775819394049821470",8,"Research & Report","Liberia - Financial Sector Assessment - February 2026","A World Bank assessment mission to Liberia under the Financial Sector Assessment Program (FSAP) Development Module in 2025 consolidates key findings on the financial sector’s vulnerabilities and growth opportunities. The report outlines major risk areas across banking and non-bank supervision, financial integrity, crisis management and safety nets, and highlights priorities for digital financial services and payments, access to finance, and domestic government bond markets. It concludes with policy recommendations to strengthen oversight and resilience.","Public Disclosure Authorized  \nFOR OFFICIAL USE ONLY  \nLIBERIA  \nFINANCIAL SECTOR ASSESSMENT  \nFebruary 2026  \nPrepared By  \nFinancial Services Sector Global Department and Africa West and Central Regional Vice Presidency, WBG  \nPub lic Disc losure Authorized  \nA World Bank mission visited Liberia from September 24 – October 8, 2025, to conduct the Financial Sector Assessment Program (FSAP) Development Module.1 This report summarizes the main findings of the mission, identifies key financial sector vulnerabilities and opportunities, and provides policy recommendations.  \n1 The team comprised Jean Michel Lobet, World Bank Mission Chief, and included Dorothée Delort (World Bank Deputy Mission Chief), David Corcino, Philippe Aguera, Oya Ardic, Cesar Arias, Karlis Bauze, Juan Buchenau, Ailsa Hart, Nina Pavlova Moncheva, and Neema Mwingu.  \nCONTENTS  \nGlossary ................................................................................................................................................................................. 3  \nExecutive Summary...........................................................................................................................................................6  \nKey Recommendations................................................................................................................................................. 10  \nBackground....................................................................................................................................................................... 12  \nA. Macro-Financial Landscape and Recent Developments.................................................................. 12  \nB. Financial System Structure .......................................................................................................................... 13  \nFinancial Sector Oversight .......................................................................................................................................... 18  \nA. Banking Supervision and Regulation ...................................................................................................... 18  \nB. Non-Bank Financial Institutions Supervision and Regulation ....................................................... 20  \nC. Financial Integrity ........................................................................................................................................... 24  \nCrisis Management and Financial Safety Nets .................................................................................................... 24  \nNP Ls, Insolvency and Creditors’ rights ................................................................................................................... 25  \nDigital Financial Services and Payments................................................................................................................ 27  \nAccess to Finance ........................................................................................................................................................... 30  \nDomestic Government Bond Markets .................................................................................................................... 31  \nThe Perspectives Of The Authorities ....................................................................................................................... 34  \nGLOSSARY  \nACH Automated Clearing House  \nAML/CFT Anti-Money Laundering Countering the Financing of Terrorism  \nBIS Bank for International Settlements  \nBFIA Banking Financial Institutions and Bank Financial Holding Companies Act  \nBO Beneficial Ownership  \nCAR Capital Adequacy Ratio  \nCBL Central Bank of Liberia  \nCDA Cooperative Development Agency  \nCFT Countering the Financing of Terrorism  \nCG Central Government  \nCRS Credit Reporting System  \nCSD Central Securities Depository  \nDFS Digital Financial Services  \nDMI Deposit-taking Microfinance Institutions  \n","cbCaig6sPaeZv3Iv","https://ap.wps.com/l/cbCaig6sPaeZv3Iv","pdf",680656,4,1,37,"English","en",105,"# Glossary\n# Executive Summary\n# Key Recommendations\n# Background\n## Macro-Financial Landscape and Recent Developments\n## Financial System Structure\n# Financial Sector Oversight\n## Banking Supervision and Regulation\n## Non-Bank Financial Institutions Supervision and Regulation\n## Financial Integrity\n## Crisis Management and Financial Safety Nets\n## Digital Financial Services and Payments\n## Access to Finance\n## Domestic Government Bond Markets\n## The Perspectives Of The Authorities\n# Preface","[{\"question\":\"What is the purpose of the Liberia Financial Sector Assessment?\",\"answer\":\"The assessment summarizes the mission’s main findings, identifies key vulnerabilities and opportunities, and provides policy recommendations for strengthening the financial sector.\"},{\"question\":\"Which areas of the financial sector are covered in the assessment?\",\"answer\":\"It covers financial sector oversight, including banking and non-bank supervision, financial integrity, crisis management and safety nets, digital financial services and payments, access to finance, and domestic government bond markets.\"},{\"question\":\"When and under what program was the assessment conducted?\",\"answer\":\"A World Bank mission conducted the FSAP Development Module assessment in Liberia between April and October 2025, with the report dated February 2026.\"}]","Liberia - Financial Sector Assessment - February 2026 | PDF",1784477470,93,{"code":4,"msg":32,"data":33},"ok",{"site_id":25,"language":24,"slug":34,"title":13,"keywords":35,"description":14,"schema_data":36,"social_meta":87,"head_meta":89,"extra_data":91,"updated_unix":29},"liberia-financial-sector-assessment-february-2026","",{"@graph":37,"@context":86},[38,54,69],{"@type":39,"itemListElement":40},"BreadcrumbList",[41,45,49,52],{"item":42,"name":43,"@type":44,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":46,"name":47,"@type":44,"position":48},"https://docshare.wps.com/document/","Document",2,{"item":50,"name":12,"@type":44,"position":51},"https://docshare.wps.com/document/research-report/",3,{"item":53,"name":13,"@type":44,"position":20},"https://docshare.wps.com/document/liberia-financial-sector-assessment-february-2026/109167/",{"url":53,"name":13,"@type":55,"author":56,"headline":13,"publisher":58,"fileFormat":61,"inLanguage":24,"description":14,"dateModified":62,"datePublished":63,"encodingFormat":61,"isAccessibleForFree":64,"interactionStatistic":65},"DigitalDocument",{"name":9,"@type":57},"Person",{"url":42,"name":59,"@type":60},"DocShare","Organization","application/pdf","2026-07-30","2026-07-19",true,{"@type":66,"interactionType":67,"userInteractionCount":20},"InteractionCounter",{"@type":68},"ViewAction",{"@type":70,"mainEntity":71},"FAQPage",[72,78,82],{"name":73,"@type":74,"acceptedAnswer":75},"What is the purpose of the Liberia Financial Sector Assessment?","Question",{"text":76,"@type":77},"The assessment summarizes the mission’s main findings, identifies key vulnerabilities and opportunities, and provides policy recommendations for strengthening the financial sector.","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"Which areas of the financial sector are covered in the assessment?",{"text":81,"@type":77},"It covers financial sector oversight, including banking and non-bank supervision, financial integrity, crisis management and safety nets, digital financial services and payments, access to finance, and domestic government bond markets.",{"name":83,"@type":74,"acceptedAnswer":84},"When and under what program was the assessment conducted?",{"text":85,"@type":77},"A World Bank mission conducted the FSAP Development Module assessment in Liberia between April and October 2025, with the report dated February 2026.","https://schema.org",{"og:url":53,"og:type":88,"og:title":13,"og:site_name":59,"og:description":14},"article",{"robots":90,"canonical":53},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":93},[94,98,102,106,111,116,121,124,129,132,136],{"id":21,"doc_module":4,"doc_module_name":47,"category_name":95,"show_sort_weight":96,"slug":97},"Story & Novel",90,"story-novel",{"id":48,"doc_module":4,"doc_module_name":47,"category_name":99,"show_sort_weight":100,"slug":101},"Literature",80,"literature",{"id":20,"doc_module":4,"doc_module_name":47,"category_name":103,"show_sort_weight":104,"slug":105},"Exam",70,"exam",{"id":107,"doc_module":4,"doc_module_name":47,"category_name":108,"show_sort_weight":109,"slug":110},5,"Comic",60,"comic",{"id":112,"doc_module":4,"doc_module_name":47,"category_name":113,"show_sort_weight":114,"slug":115},6,"Technology",50,"technology",{"id":117,"doc_module":4,"doc_module_name":47,"category_name":118,"show_sort_weight":119,"slug":120},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":47,"category_name":12,"show_sort_weight":122,"slug":123},30,"research-report",{"id":125,"doc_module":4,"doc_module_name":47,"category_name":126,"show_sort_weight":127,"slug":128},9,"Religion & Spirituality",20,"religion-spirituality",{"id":127,"doc_module":4,"doc_module_name":47,"category_name":130,"show_sort_weight":127,"slug":131},"World Cup","world-cup",{"id":133,"doc_module":4,"doc_module_name":47,"category_name":134,"show_sort_weight":133,"slug":135},10,"Lifestyle","lifestyle",{"id":137,"doc_module":4,"doc_module_name":47,"category_name":138,"show_sort_weight":107,"slug":139},19,"General","general"]