Governor of the Central Bank of Libya (CBL), H.E. Naji Mohammed Issa, along with his accompanying delegation, met on Monday, October 19, 2026, with the Governor of the Reserve Bank of India (RBI), Mr. Sanjay Malhotra, and his delegation. The meeting took place on the sidelines of the international central banking forum “SAMVAD 2026,” organized by the Reserve Bank of India in New Delhi on October 19\u201320, 2026, with the participation of central bank governors from around the world.<\/p>\n\n\n\n
The meeting explored prospects for bilateral cooperation and the exchange of expertise in advancing payment and settlement systems, expanding financial inclusion, and leveraging India\u2019s experience in broadening digital financial services and upgrading banking infrastructure.<\/p>\n\n\n\n
Both sides discussed mechanisms to streamline banking procedures and trade-related payments between the two nations, facilitating the flow of goods and services and expanding economic cooperation\u2014particularly following bilateral trade reaching approximately USD 1.33 billion in 2025.<\/p>\n\n\n\n
Enhancing cooperation with India, one of the world’s major economies, marks a significant step alongside ongoing engagement with China. This initiative aims to unlock broader avenues for Libyan foreign trade, diversify international partnerships, and strengthen global confidence in the Libyan banking sector.<\/p>\n\n\n\n
Discussions also covered opportunities for technical training and capacity building in banking supervision, risk management\u2014with a special focus on cybersecurity risks\u2014and the integration of artificial intelligence applications within the financial sector. Additionally, both governors exchanged views on monetary policy challenges and maintaining financial stability.<\/p>\n\n\n\n
Governor Issa highlighted the Central Bank of Libya\u2019s ongoing efforts to advance electronic payments, expand access to banking services, and strengthen governance, compliance, and anti-money laundering and counter-terrorist financing (AML\/CFT) frameworks. He emphasized the vital role of technical cooperation and knowledge sharing in modernizing Libya\u2019s banking sector and boosting its operational efficiency.<\/p>\n\n\n\n
At the conclusion of the meeting, both parties agreed to launch a knowledge-transfer and expertise-exchange program focused on developing technical infrastructure, fortifying cybersecurity, and safeguarding financial systems against rapidly evolving AI technologies and rising cyber threats. Under this initiative, specialized personnel from the CBL\u2019s Information Technology and Information Security Departments will undergo targeted training with their Indian counterparts to build a highly qualified technical team capable of proactively detecting and mitigating cyber threats, thereby ensuring the security and operational continuity of banking services.<\/p>\n","protected":false},"excerpt":{"rendered":"
Governor of the Central Bank of Libya (CBL), H.E. Naji Mohammed Issa, along with his accompanying delegation, met on Monday, October 19, 2026, with the Governor of the Reserve Bank of India (RBI), Mr. Sanjay Malhotra, and his delegation. The meeting took place on the sidelines of the international central banking forum “SAMVAD 2026,” organized […]<\/p>\n","protected":false},"author":8,"featured_media":88477,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[48],"tags":[],"class_list":["post-88476","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\/88476","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=88476"}],"version-history":[{"count":1,"href":"https:\/\/cbl.gov.ly\/en\/daharap\/wp\/v2\/posts\/88476\/revisions"}],"predecessor-version":[{"id":88484,"href":"https:\/\/cbl.gov.ly\/en\/daharap\/wp\/v2\/posts\/88476\/revisions\/88484"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cbl.gov.ly\/en\/daharap\/wp\/v2\/media\/88477"}],"wp:attachment":[{"href":"https:\/\/cbl.gov.ly\/en\/daharap\/wp\/v2\/media?parent=88476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cbl.gov.ly\/en\/daharap\/wp\/v2\/categories?post=88476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cbl.gov.ly\/en\/daharap\/wp\/v2\/tags?post=88476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}