Regulatory Alerts2026-05-20
Amended Regulation Concerning Emergency Liquidity Assistance (ELA)
The Central Bank of Liberia has issued an amended regulation establishing a discretionary Emergency Liquidity Assistance (ELA) framework for solvent, viable licensed bank-financial institutions facing temporary liquidity shortfalls. The framework mandates collateralized or government-guaranteed funding in Liberian and US dollars, with fixed interest rates, strict conditionality on dividends and lending, and a structured approval process overseen by the Executive Management Committee. ELA operations carry a base maturity of 91 business days with daily-adjustable envelopes, requiring monthly funding plans and enhanced reporting to preserve systemic stability while safeguarding the central bank's independence.
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