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Central Bank, Ministry of Finance, and National Oil Corporation discuss enhancing cooperation to support economic stability

Pulbished on:

Tripoli, October 26, 2026 (LANA) – The Governor of the Central Bank of Libya, Fawzi Abu Khuzam, met on Monday with the Minister of Finance, Rashid Abu Ghaffa, and the Chairman of the National Oil Corporation (NOC), Masoud Suleiman. The discussion focused on ways to enhance institutional cooperation and coordinate efforts in managing the state’s financial and economic resources.

In a statement on its official page, the Central Bank noted that the meeting addressed the importance of strengthening integration among the three institutions and coordinating procedures within their respective mandates, with the aim of improving resource management efficiency and supporting financial and economic stability.

During the meeting, Abu Khuzam affirmed the Central Bank’s readiness to support the National Oil Corporation—within the scope of its legal authority, applicable legislation, and available resources—to assist the corporation in carrying out its duties and ensuring the continuity of its operations.

The Central Bank further indicated that the meeting underscored the need to bolster communication channels and information exchange, and to reach a consensus on joint operational mechanisms. Such measures are intended to streamline procedures and resolve challenges hindering workflows, thereby fostering better coordination among the relevant entities and supporting the management of the state’s financial resources.

...(LANA)...