The Governor of the Central Bank of Libya, H.E. Naji Mohammed Issa, met with the Prime Minister of Government of National Unity, Eng. Abdulhamid Dbeibah, to discuss the implications of public spending on the country’s economic and financial situation, and its impact on the strength of the Libyan dinar on Wednesday, April 16.

During the meeting, the Governor stressed the urgent need to implement a package of economic reforms aimed at improving living standards, within the framework of an accelerated action plan. He also noted that oil revenues deposited at the Central Bank had witnessed a significant improvement this week.

The Prime Minister, in turn, expressed his appreciation to the Governor for revealing, for the first time, the actual amount of public expenditure. He emphasized that such transparency marks a significant step toward advancing financial reform.

On a separate note, the Prime Minister confirmed that his government has already begun implementing a new mechanism for importing fuel, moving away from the previous bartering system. He expressed hope that all relevant parties would cooperate to ensure the continued availability of fuel and the stability of this vital sector.

concluding the meeting, both parties agreed to coordinate efforts between the government and the CBL to ensure the disbursement of April salaries at the beginning of next week. They also emphasized the importance of introducing a series of reforms to economic policies including fiscal, monetary, and trade policies with the aim of boosting sovereign revenues and improving their collection Additionally, they underlined the need to take all necessary measures to support the Libyan dinar, maintain exchange rate stability, and ensure the state’s financial sustainability.