Governor of the Central Bank of Libya (CBL), H.E. Naji Mohamed Issa, met on Monday, October 12, 2026, with Mr. Eric Meyer, U.S. Assistant Secretary of the Treasury, and his accompanying delegation, on the sidelines of Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, held in Bangkok, Thailand.<\/p>\n\n\n\n
The meeting addressed the latest economic, financial, and political developments in Libya, efforts to implement the unified public expenditure agreement, and the importance of advancing coordination between fiscal and monetary policies and strengthening fiscal discipline to support economic and financial stability and ensure the sustainability of the state\u2019s public finances.<\/p>\n\n\n\n
The two sides also discussed efforts to strengthen transparency, governance, and compliance in the banking sector. Particular attention was given to the CBL\u2019s review of previously granted letters of credit to verify compliance with the applicable rules, procedures, and standards governing their approval, in cooperation with K2 Integrity. The discussions also covered the initiation of necessary measures to identify any violations or illicit practices and to take appropriate legal and punitive action against those involved, in accordance with the relevant laws and regulations.<\/p>\n\n\n\n
In this context, the two sides discussed challenges associated with the smuggling of goods and fuel, as well as the illicit financial flows arising from these activities and their adverse effects on macroeconomic indicators, particularly the foreign exchange market. Both sides emphasised the importance of strengthening coordination and cooperation to combat such practices, mitigate their impact on monetary and financial stability, and protect state resources and the national economy.<\/p>\n\n\n\n
At the conclusion of the meeting, the U.S. Assistant Secretary of the Treasury commended the efforts undertaken by the Governor to safeguard the sustainability of the state\u2019s public finances and promote monetary and financial stability, despite the exceptional challenges facing Libya and the wider region. He also acknowledged the progress achieved in advancing economic and banking sector reforms.<\/p>\n\n\n\n
The Assistant Secretary further reaffirmed the United States\u2019 continued support for the independence of the Central Bank of Libya and its leadership, as well as its commitment to supporting the CBL\u2019s efforts to consolidate monetary and financial stability, strengthen governance and transparency, and enable the Bank to fulfil its national mandate and responsibilities during this critical period.<\/p>\n","protected":false},"excerpt":{"rendered":"
Governor of the Central Bank of Libya (CBL), H.E. Naji Mohamed Issa, met on Monday, October 12, 2026, with Mr. Eric Meyer, U.S. Assistant Secretary of the Treasury, and his accompanying delegation, on the sidelines of Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, held in Bangkok, Thailand. The meeting […]<\/p>\n","protected":false},"author":8,"featured_media":88381,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[48],"tags":[],"class_list":["post-88380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/cbl.gov.ly\/en\/daharap\/wp\/v2\/posts\/88380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cbl.gov.ly\/en\/daharap\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cbl.gov.ly\/en\/daharap\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cbl.gov.ly\/en\/daharap\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/cbl.gov.ly\/en\/daharap\/wp\/v2\/comments?post=88380"}],"version-history":[{"count":2,"href":"https:\/\/cbl.gov.ly\/en\/daharap\/wp\/v2\/posts\/88380\/revisions"}],"predecessor-version":[{"id":88386,"href":"https:\/\/cbl.gov.ly\/en\/daharap\/wp\/v2\/posts\/88380\/revisions\/88386"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cbl.gov.ly\/en\/daharap\/wp\/v2\/media\/88381"}],"wp:attachment":[{"href":"https:\/\/cbl.gov.ly\/en\/daharap\/wp\/v2\/media?parent=88380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cbl.gov.ly\/en\/daharap\/wp\/v2\/categories?post=88380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cbl.gov.ly\/en\/daharap\/wp\/v2\/tags?post=88380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}