Project Description
This project will address market failures that hinder the uptake of digital payments and access to credit through advisory services to the Central Bank of Liberia and other stakeholders, including private sector financial institutions. The project will accomplish this through two components: digital payments and access to credit.
1. Digital Payments
a) Increase use of digital payments
b) Facilitate roll-out of banking agents (with support from CGAP)
2. Access to Credit
a) Introduce digital credit and increase use of digital loan servicing
b) Enhance MSME financing facility
c) Increase MFIs’ capacity to provide financial services