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GNU delegation meets with the US Treasury Department.

Pulbished on:

Tripoli, 23 November 2025 (Lana): A delegation from the Government of National Unity (GNU) met with Assistant Secretary of the Treasury for the Middle East and Africa, Eric Meyer, and his accompanying delegation, which included officials and experts from the US Treasury Department, to discuss strengthening economic and financial cooperation between the two countries.

The Libyan delegation included Director General of the National Economic and Social Development Board Mahmoud Al-Futaisi, Minister of Finance Khaled Al-Mabrouk, member of the Board of Directors of the National Oil Corporation Hussein Safar, and Director of the Department of Institutions and International Cooperation at the Ministry of Finance Mustafa Kashada.

The meeting reviewed the progress made in the public finance reform and digital transformation program at the Ministry of Finance, which has resulted in the implementation of the unified treasury account for salaries and the ongoing implementation of the unified treasury account for revenues.

The meeting also discussed the GNU's serious efforts to combat parallel spending and reduce its impact on public debt and enhance fiscal discipline, in addition to discussing the path for reforming and developing the tax system to ensure the expansion of the revenue base and the diversification of national income sources.

The meeting focused on addressing the challenges related to international financial transfers and facilitating financial and commercial transactions for Libya.

The U.S. Treasury Department emphasized the importance of unifying Libya's national budget as a crucial step toward strengthening financial stability and building confidence in Libyan institutions.

It also stressed the importance of adhering to the procedures and standards of the U.S. Office of Foreign Assets Control (OFAC) when considering any steps or arrangements related to investing proceeds from frozen Libyan assets abroad in order to ensure compliance with international regulations and protect Libyan assets.

The two parties agreed to continue direct and regular coordination in the coming period to support Libya's economic and financial reform process to strengthen the Libyan-U.S. partnership and support efforts to achieve stability and development.

=Lana=