Audit Bureau reviews with the Libyan Foreign Bank a number of problems facing its contributions and bonds.

Tripoli 11 April 2023 (Lana) The head of the State Audit Bureau, Khaled Shakshak, reviewed with the Director General of the Libyan Foreign Bank, Khaled Al-Qonsul, the problems facing the foreign bank in managing some of its contributions and bonds.

The meeting, which was attended by the Undersecretary of the Bureau, Alaa Al-Masallati, and the directors of the competent departments in the Bureau and the foreign bank, discussed the strategic priorities set by the bank for the next stage.

According to the Audit Bureau's Facebook page, the meeting also discussed the observations made by the bank's audit reports and the evaluation of its performance by the Audit Bureau's committees.

Shakshak stressed the need to adhere to the bureau's observations and strengthen the bank's governance frameworks and internal procedures.

For his part, Al-Masallati stressed the need to accurately define the targets and the mechanism for achieving them within the bank's plan, highlighting the Audit Bureau's readiness to set a corresponding plan for monitoring and evaluating performance.

Al-Qonsul confirmed the bank's commitment to the observations and recommendations of the Bureau, pointing out that the bank is in the process of completing the study of many problems and obstacles and finding the necessary solutions for them with the participation of the Bureau, noting at the same time its effective role in advancing the work of the bank.

The two sides agreed to hold several meetings to discuss various files.

=Lana=