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The Governor of the Central Bank meets with the Deputy Managing Director of the International Monetary Fund.

Pulbished on:

Washington - April 22, 2025 (LANA) - Governor of the Central Bank of Libya (CBL), Naji Mohammed Issa, and his accompanying delegation discussed in Washington on Tuesday with Kenji Okamura, Deputy Managing Director of the International Monetary Fund (IMF), in the presence of high-level IMF department directors. The meeting discussed the Governor's initiative to address the structural imbalances plaguing the Libyan economy.

According to the CBL, the outcomes of the Article IV consultations and the efforts of Libyan institutions in providing data and information were discussed. The meeting also discussed the Governor's initiative to address the structural imbalances plaguing the Libyan economy, as well as his short-term vision for exiting the crisis through a proposed package of economic reforms, most notably unifying public spending and reviewing trade and financial policies, which were welcomed by all.

The CBL explained that the IMF representatives expressed their willingness to contribute by providing the necessary technical support and advice the CBL may need at this stage, particularly in the area of ​​the exchange rate and strengthening the value of the Libyan dinar.