H.E. Naji Mohammed Issa, Governor of the Central Bank of Libya, and his accompanying delegation met with Mr. Kenji Okamura, Deputy Managing Director of the International Monetary Fund, in the presence of senior IMF department directors On October 13, 2025.

The meeting discussed developments in the global economy and their implications for Libya, as well as the outcomes of the Article IV Consultations for 2025 and the efforts of Libyan institutions in providing the data and information necessary for the success of these consultations. The discussions also covered the Governor’s initiative to address the structural imbalances affecting the Libyan economy and his short term vision for overcoming the crisis through a package of proposed economic reforms, most notably the unification of public spending and the review of monetary, trade, and fiscal policies.

IMF representatives expressed appreciation for the Central Bank of Libya’s efforts and conveyed their readiness to provide technical support and advisory assistance as needed during this critical stage, particularly in areas related to monetary policy, exchange rate stability, strengthening the value of the Libyan dinar, and resolving the cash liquidity crisis.

Mr. Okamura affirmed the IMF’s full understanding of and support for the Central Bank of Libya’s efforts to establish sound and well coordinated policies and measures aimed at addressing the country’s deep rooted structural economic challenges.