Dr. Siaplay told the Senate Committee on Banking and Finance that he comes to the post with the requisite qualification and experience, which will enable him deliver to the expectation of the Liberian people.
“I would also like to express my deepest gratitude to President Ellen Johnson-Sirleaf for affording me the opportunity to serve my country in two capacities,” Dr. Siaplay added.
Prior to his appointment as Deputy Finance Minister for Economic Management at the Ministry of Finance and Development Planning (MFDP), Dr. Mounir Siaplay served as Economic Advisor to President Johnson-Sirleaf.
“I can assure you of my academic preparedness for this position, having earned a Ph.D. in Economics from the Oklahoma State University; a Master of Science degree in Agribusiness and Applied Economics from the North Dakota State University; and a Bachelor of Arts degree in Economics and International Relations from the Concordia College,” he told the lawmakers.
As Deputy Finance Minister for Economic Management, the nominee said he worked closely withthe CBL team to negotiate the package of support that Liberia received year-on-year from international financial institutions. He named the institutions as the African Development Bank (AfDB)to which he is Liberia’s Alternate Governor, the World Bank (WB), and the International Monetary Fund (IMF) and others.
According to outgoing Deputy Minister Siaplay, MFDP and the CBL worked closely on Liberia’s Extended Credit Facility program with the Fund as well as the Rapid Credit Facility through which the Fund provided financial support to the Government’s fight against the Ebola Virus Disease (EVD).
On some of his contributions, Dr. Siaplay said he co-chaired the Technical Liquidity Management Team, comprising the MFDP and the Central Bank of Liberia, whose objective is to formulate policies to address Government’s short-term operation and cash management needs, and to mitigate exchange rate risks.
“My cordial relationships with CBL colleagues on the committee helped to ensure the strong coordination between the fiscal and monetary authorities to navigate such macroeconomic crises during the EVD outbreak,” he said.
He believes such strong CBL-MFDP collaboration fostered macroeconomic stability during the EVD crisis.
“If I am confirmed as Deputy Governor for Economic Policy, I hope to foster an even stronger relationship between the CBL’s Economic Policy arm, the MFDP’s Department of Economic Management, LIMPAC and Liberia Institute of Statistics and Geo-Information Services (LISGIS) to further advance the Government’s efforts toward self-reliance in the area of data collection and analysis,” Dr. Siaplay noted.