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The Banking Investment Symposium and its Role in Promoting Economic Development kicks off

Pulbished on:

Tripoli, November 4, 2025 (LANA) – The “Banking Investment and its Role in Promoting Economic Development” symposium, organized by the Central Bank of Libya, commenced this morning in Tripoli.

The opening ceremony was attended by the President of the High Council of State, Mohamed Takala; the Prime Minister of the Government of National Unity, Abdul Hamid Dbeibah; the Governor of the Central Bank of Libya, Naji Issa; the Director General of the National Council for Economic and Social Development, Mahmoud Al-Futaisi; several ministers and undersecretaries; a number of experts and officials from the financial and economic sectors; and representatives from local and international banking institutions.

The symposium aims to strengthen the role of the banking sector in supporting development and encouraging sustainable investment in Libya, explore ways to enhance its role in supporting productive and service sectors, expand the investment base, and stimulate the private sector to actively contribute to the national economy.

The symposium also aims to facilitate the exchange of international experiences and best practices in the fields of finance and banking investment, and to review modern mechanisms for risk management and improving financial performance.

The symposium began with a presentation on the role of the Central Bank of Libya in strengthening the national economy and financing economic projects, thus contributing to achieving sustainable development.

Following this, the symposium's scientific sessions commenced, featuring several papers addressing various topics, most notably: banking investment in Libya – problems and proposed solutions; the evolution of central bank operations and their objectives; investment opportunities in the Libyan economy; the role of investment banks in economic activity; foreign exchange and its role in economic growth; the contribution of various sectors to GDP; and the extent of the banking sector's contribution to economic diversification.

The speakers also reviewed export indicators and economic diversification in Libya during the period from 2016 to 2020, in addition to several successful banking experiences in other countries.

...(LANA)...