The Governor of the Central Bank of Libya held a meeting today, Monday, with H.E. Rashid Abu Ghefah, Minister of Finance, and Mr. Masoud Suleiman, Chairman of the Board of Directors of the National Oil Corporation (NOC). The meeting was dedicated to discussing ways to strengthen coordination and cooperation among the three institutions in support of the country’s financial and economic stability.
The discussions underscored the importance of aligning efforts and coordinating procedures between the Central Bank of Libya, the Ministry of Finance, and the National Oil Corporation, as key institutions responsible for managing the nation’s financial and economic resources. The participants emphasized the need for complementarity in roles and responsibilities in accordance with the mandates assigned to each institution.
The Governor of the Central Bank of Libya reaffirmed the Bank’s readiness, within its mandate, applicable legislation, and available resources, to provide the necessary support to the National Oil Corporation, enabling it to carry out its responsibilities effectively, maintain the sustainability of its operations, and continue fulfilling its vital role in supporting the national economy.
The meeting also emphasized the importance of reaching consensus on procedures and joint working mechanisms, as well as strengthening direct channels of communication and information sharing among the three institutions. These measures are intended to help address challenges, facilitate relevant procedures, and enhance the efficiency of the management of the State’s financial resources.