The Central Bank Governor discusses the latest economic and financial developments in Libya with the International Monetary Fund in Washington.

Washington, April 21, 2025 (LANA) – The Governor of the Central Bank of Libya, Naji Issa, and his accompanying delegation met on Monday in Washington, DC, with the Director of the Middle East and Central Asia Department at the International Monetary Fund, Jihad Azour, and his accompanying team.

The Central Bank reported on its official Facebook page that the meeting, held on the sidelines of Naji Issa's attendance at the annual meetings of the International Monetary Fund and the World Bank held in Washington, D.C., addressed the latest developments in the economic and financial situation in Libya and the pivotal role the Governor is playing in leading the country out of its decades-long crisis, which has recently intensified due to the political and institutional divisions within the country.

According to the same source, the Governor of the Central Bank of Libya presented his vision for the next phase, highlighting the most important priorities and problems he seeks to resolve in the short and long term.

The bank explained that the Director of the Middle East and Central Asia Department at the International Monetary Fund and his accompanying team of experts commended the Central Bank's efforts to resolve the crisis. Signs of success have begun to emerge, evident in the measures the bank has taken to address the liquidity shortage, launch several initiatives, and reach a consensus among the relevant parties to establish a unified budget and agree on urgent reforms that will lead to a gradual appreciation of the Libyan dinar against foreign currencies.

At the conclusion of the meeting, attendees emphasized the need to support the Governor and the Central Bank in ensuring the success of his initiative, both domestically and internationally.

(LANA)