Governor of the Central Bank of Libya meets with the Assistant Secretaries of the U.S. Department of the Treasury
H.E. Naji Mohammed Issa, Governor of the Central Bank of Libya, and his accompanying team held a meeting with Mr. Eric Meyer, Assistant Secretary of the U.S. Department of Treasury for the Middle East and Africa, and Mr. Scott Rembrandt, the Assistant Secretary of the U.S. Department of Treasury for Strategic Policy and Anti-Money Laundering and Counter-Terrorism Financing, along with their teams on Monday, 28th of October, 2024, at the U.S. Department of the Treasury in Washington, D.C.
The key points of the meeting included welcoming the appointment of the Governor, Deputy Governor, and Board of Directors of the Central Bank of Libya, discussing the positive situation following the restoration of relations with correspondent banks, outlining the Central Bank of Libya's plans for the upcoming months, which encompass providing liquidity, enhancing electronic payment systems, strengthening the Libyan dinar, managing the foreign exchange market, establishing a governance framework for the banking sector, and reinforcing anti-money laundering and counter-terrorism financing controls.
Additionally, the importance of initiating discussions to develop a practical framework for a unified budget for the year 2025 was emphasized, along with a medium-term economic vision. The meeting also addressed activating roles of economic policies—monetary, fiscal, and trade and ensuring their alignment to stimulate economic growth and development. Furthermore, discussions were held on enhancing efforts to implement compliance requirements and combat money laundering and terrorism financing to ensure the safety of banking and financial transfers.