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The US-Libyan Business Association hosts the Governor of the Central Bank of Libya in Washington to discuss prospects for economic cooperation.

Pulbished on:

Washington, April 21, 2025 (LANA) - The American-Libyan Business Association (ALBA) organized a high-level economic meeting, hosting the Governor of the Central Bank of Libya (CBL), Naji Mohammed Issa, and his accompanying delegation, at the association's headquarters in Washington, D.C.

The meeting featured a roundtable and panel discussion, during which the latest economic developments in Libya were reviewed and the business and investment environment was examined, particularly with regard to the impact of the economic situation on the performance of foreign companies, particularly American companies operating in Libya.

The Governor presented the CBL's vision for reforming the national economy, noting that the bank is working to enhance monetary stability and provide a financial environment conducive to growth and investment.

He also confirmed that the opening of letters of credit and the continued sale of foreign currency to the public and private sectors are proceeding regularly, a step aimed at reassuring investors and enhancing confidence in the Libyan market.

During the meeting, both sides stressed the importance of strengthening the economic partnership between Libya and the United States and opening new horizons for joint investment, which would contribute to supporting economic recovery efforts and achieving sustainable development.

The meeting was attended by a number of American businessmen and representatives of companies, along with former US Special Envoy to Libya, Jonathan Winer.

The US-Libya Business Association (USLBA) is a non-profit organization founded in 2005 and is the leading trade body focused exclusively on strengthening economic relations between the United States and Libya.

The association seeks to facilitate mutual trade and investment opportunities, promote diplomatic and commercial dialogue between the two countries, and educate the public about the importance of economic ties between them.

...(LANA)...