Regulatory Alerts2020-11-02
Lifting of Moratorium on Rules on Asset Classification and Provisioning
The Central Bank of Liberia has lifted its temporary moratorium on asset classification and provisioning rules, originally suspended in March 2020 to support aviation, hospitality, tourism, agricultural, and cross-border trading sectors during the pandemic. Effective November 2, 2020, all banks must fully comply with the standard classification and provisioning requirements under CBL Regulation No. CBL/RSD/005/2014, while retaining the statutory flexibility to restructure delinquent facilities on a case-by-case basis. The regulator will actively monitor restructuring activities to maintain financial sector stability as broader economic restrictions ease.
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