The 2025 Article IV consultations' Preparatory Meetings Continue for the Third Day Between the Central Bank of Libya and the IMF Expert Mission with The Participation of Representatives of Libyan Institutions.
The Central Bank of Libya (CBL) continued its preparatory meetings for the 2025 Article IV consultations with the International Monetary Fund (IMF) expert mission for the third consecutive day, Wednesday, December 4, 2024, The discussions brought together representatives from key Libyan institutions, including the Ministry of Economy and Trade, the Ministry of Finance, the Ministry of Planning, the National Oil Corporation, and the Audit Bureau, to discuss the 2024 budget and the unified budget forecasts for 2025, development spending for 2024 and 2025, the medium-term financial framework, in addition to improving tax and customs collection tools, forecasting the macroeconomy and revenues, preparing the budget and customs reforms, the energy subsidy reform program, oil production rates, expected oil prices, corporate governance in the public sector, and the most important findings of the Audit Bureau reports.