As part of institutional cooperation between regulatory and financial bodies, H.E. Mr. Naji Mohammed Issa, Governor of the Central Bank of Liby, met , with Mr. Khaled Ahmed Shakshak, President of the Audit Bureau, to discuss a number of issues related to overall performance and oversight of the financial and economic sectors. The meeting was attended by several officials from both institutions on, Wednesday, July 16, 2025.

The discussions focused on the measures taken by the Central Bank of Libya within its mandate to manage monetary policy and maintain financial and monetary stability, in addition to following up on the collection of oil revenues, which represent one of the most important public resources for the state.

The two parties also discussed the importance of securing the necessary funding to develop the oil sector and increase its production capacity, given its pivotal role in supporting the national economy. They emphasized the need to adhere to the legal frameworks and regulatory guidelines to ensure sustainability and promote recovery and growth.

The meeting further addressed a number of observations related to the performance of some commercial banks, with a mutual agreement on the importance of resolving these issues in a way that strengthens the soundness of the banking sector and reinforces principles of transparency and institutional compliance.

Both sides underscored the importance of coordination between the Central Bank of Libya and the Audit Bureau in monitoring public financial performance and safeguarding public funds, thereby enhancing public trust in state institutions and improving their ability to respond to economic challenges.

The meeting also touched on the final preparations for launching a joint training program, in cooperation with the Institute of Banking Studies, aimed at enhancing the technical skills of Audit Bureau staff in specialized financial and banking fields.

At the conclusion of the meeting, the President of the Audit Bureau presented the Governor of the Central Bank with audit opinion reports and audited financial statements of the Central Bank for the years 2011 to 2016, which had been approved by the Audit Bureau. These reports were prepared in accordance with international auditing standards, reflecting the Bureau's commitment to its legal responsibilities and strengthening the culture of transparency and accountability.

It is worth noting that this meeting is part of ongoing efforts to enhance institutional coordination and develop the financial and regulatory oversight system in a manner that meets current challenges and serves the national interest.