Governor of the Central Bank of Libya Meets with the Director of the Middle East and Central Asia Department at the International Monetary Fund
On the sidelines of his participation in the Annual Meetings of the International Monetary Fund and the World Bank, held this week in Washington, D.C., Governor of the Central Bank of Libya, H.E. Naji Mohammed Issa, and his accompanying delegation began their series of meetings on Monday, October 13, 2025, with Mr. Jihad Azour, Director of the Middle East and Central Asia Department at the IMF, and his accompanying team.
During the meeting, discussions focused on the latest economic and financial developments in Libya and the pivotal role played by the Central Bank of Libya in steering the country out of its prolonged crisis. The Governor provided a briefing on the Bank’s efforts to address the ongoing economic challenges, presenting his vision for the upcoming phase and outlining a series of policy measures that will be implemented without directly affecting citizens’ living conditions.
For his part, Mr. Azour and the accompanying team of IMF experts commended the Central Bank of Libya’s initiatives and strategies in managing the crisis, noting that the positive impact of these measures has started to materialize through the Bank’s various initiatives. They also welcomed the progress made toward reaching an agreement among relevant parties on the adoption of a unified state budget for the coming year and on structural reforms expected to gradually strengthen the Libyan dinar against foreign currencies.
In conclusion, participants emphasized the importance of supporting the Governor, the Board of Directors, and the Central Bank of Libya in ensuring the successful implementation of these initiatives both domestically and internationally.