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Cooperation agreement between the Central Bank of Libya and the World Bank within the General Reserves and Asset Management Program (RAMP)

Pulbished on:

Tripoli, October 14, 2025 (LANA) - The Governor of the Central Bank of Libya, Naji Issa, signed a cooperation agreement yesterday, Monday, with the Vice President of the Treasury at the World Bank, Jorge Familiar, as part of the Reserves and Asset Management Partnership (RAMP) program.

The agreement, which was signed at the World Bank headquarters in Washington, D.C., aims to achieve competitive returns on the bank's foreign exchange reserves by adopting international best practices in asset allocation, portfolio management, and risk management.

The agreement also aims to develop human capacity, information infrastructure, the accounting framework, financial reporting, and the legal framework to enhance the efficient and effective management of financial assets. This will bring the Central Bank of Libya into a network of more than 90 financial institutions and sovereign wealth funds around the world.

According to a publication by the Central Bank, this enables the bank to expand its network of counterparts in the field of investments and reserve management, enabling the exchange of expertise and the adoption of international best practices.

... (LANA)...