Liberian credit grew 42.5% in 2013, says central bank annual report


Liberia's GDP increased by 8.1% in 2013 while inflation remained in single digits "on account of prudent monetary policy", according to the Central Bank of Liberia's (CBL) annual report.

Credit to the economy at end-November, 2013 increased by 42.5% to L$27 million ($8.65 million) on the previous year, according to the report, while the number of licensed and operating banks in the Liberian banking sector stood at nine, the same as in 2012.

"The banking industry witnessed strong growth in its

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