H.E Mr. Saddek Omar ElKaber, the Governor of the Central Bank of Libya met with Dr. Khalid Al-Mabrouk minister of finance at (IMF) in USA, Washington, this meeting took place on the sidelines of the 2024 Spring Meetings of the International Monetary Fund.

H.E Mr. Saddek Omar ElKaber, the Governor of the Central Bank of Libya met with, Mr. Jin Liqun, President of the Asian Infrastructure Investment Bank (AIIB) in USA Washington on Friday,19th of April 2024. During the meeting, Mr. Jin expressed his satisfaction with Libya’s participation as a shareholder in the bank through the Central Bank of Libya. The AIIB is prepared to study funding for strategic projects and provide expertise and consultations for reconstruction projects in affected areas, economic diversification, technical support, and training. It is worth noting that the AIIB specializes in financing strategic infrastructure projects for member countries. Libya completed its membership and contributed to the bank’s capital in September 2023.

H.E Mr. Saddek Omar ElKaber, the Governor of the Central Bank of Libya met with Mr. Daniel Zelikow, Deputy Head of JP Morgan Bank, and Ms. Masha Gloukhovski, Global Head of the Public Sector Group at the bank, in USA Washington on Friday,19th, of April 2024. They addressed the latest developments in global financial markets, the implications of the current situation, and its impact on key economic indicators related to growth rates, inflation, unemployment, and the prices of essential global commodities (such as oil and gold). Additionally, they highlighted the Central Bank’s efforts in combating money laundering and terrorist financing, as well as promoting disclosure and transparency. During the meeting, JP Morgan Bank praised the continuous and noticeable progress in the performance of the Central Bank of Libya despite the challenges. The bank expressed ongoing support across various investment areas, financial consultations, technical expertise, and human capacity building.

H.E Mr. Saddek Omar ElKaber, the Governor of the Central Bank of Libya met with Mr. Joshua Harris, Deputy Secretary of State, and Mr. Richard Norland, U.S. Special Envoy to Libya, in USA Washington, on Thursday,18th of April 2024, during the meeting they discussed enhancing cooperation and coordination between the U.S. Department of State, the U.S. Embassy, and the Central Bank of Libya. They also addressed supporting transparent, unified, and effective management of oil and public resources, as well as the Central Bank’s efforts in unification and maintaining the financial sustainability of the state. Additionally, they emphasized the importance of an independent and effective monetary policy that supports exchange rates and continued support for the capacities of the Central Bank of Libya’s administrations through development programs provided by the U.S. Agency for International Development.

H.E Mr. Saddek Omar ElKaber, the Governor of the Central Bank of Libya met with Eric Meyer, Assistant Secretary of the U.S. Treasury, and Mr. Richard Norland, U.S. Special Envoy to Libya, and several officials from the U.S. Treasury Department in USA Washington, on Thursday,18th of April 2024, the meeting addressed commending the efforts of the Central Bank in maintaining Libya’s financial sustainability, progress in anti-money laundering and counter-terrorism measures, developments in the Libyan economic and political situation, coordination with the Financial Committee of the House of Representatives to approve a unified budget for the Libyan state, and support for the National Oil Corporation to maintain and increase oil production rates. It is essential to intensify efforts to combat corruption, money laundering, and terrorist financing, in addition to supporting the Central Bank of Libya’s efforts to enhance disclosure, transparency, and regular reporting. The mechanism for collecting and disbursing oil revenues and disclosing them is crucial. The pivotal role of the Central Bank in coordinating with relevant entities ensures the continuity of the state’s lifeline and sustainability.

H.E Mr. Saddek Omar ElKaber, the Governor of the Central Bank of Libya, met with a high-level delegation from the French Central Bank in USA Washington on Thursday, 18th of April 2024. During the meeting, they discussed the latest developments in the global economic situation, existing cooperation relations, and ways to enhance collaboration between the two banks. The discussion also covered the efforts made by the Central Bank of Libya in areas such as compliance, risk management, anti-money laundering, and counter-terrorism financing. Additionally, they explored digital advancements and electronic payment systems, besides various investment opportunities. This meeting is an extension of consultative meetings with the French Central Bank, with the most recent one having taken place in March.

H.E Mr. Saddek Omar ElKaber, the Governor of the Central Bank of Libya met with a high-level team from the United States Federal Reserve in USA Washington on Wednesday,17th of April 2024, the meeting addressed the Enhancing existing cooperation, discussing certain inquiries and clarifications regarding financial transfers, procedures, due diligence requirements, anti-money laundering and counter-terrorism financing issues, and building human capacity in relevant fields. Additionally, highlights the efforts of the Central Bank of Libya in enhancing compliance measures, particularly those related to external financial transfers, and expressing continued support from the Federal Reserve for prospects of cooperation and development with the Central Bank of Libya across all areas that serve the interests of both parties.

The role of the World Bank in reconstruction and economic development in countries of the world, providing support and advice to countries affected by natural disasters, developments in the Derna reconstruction file, capacity building for financial institutions, and the role of the Central Bank in maintaining the financial sustainability of the Libyan state. The most important topics of the meeting of H.E Mr. Saddek Omar ElKaber, the Governor of the Central Bank of Libya Governor with Mr. Jesko Hentachell, Director of the Morocco and Malta Region at the World Bank, in USA, Washington, on Wednesday, 17th of April 2024.

H.E Mr. Saddek Omar ElKaber, the Governor of the Central Bank of Libya met with Mr. Fathi Nouri, Governor of the Central Bank of Tunisia in USA Washington on Wednesday, 17th of April 2024, the meeting addressed the latest developments in the economic and financial situations in both countries, the importance of coordination to prepare for challenges faced by central banks, and the continued cooperation and exchange of expertise among central banks.

Continuing coordination, enhancing cooperation with Türkiye central banks, and exchanging expertise across various fields, besides discussing the economic and financial situations in both countries and the challenges faced by central banks in the region, were the key topics of the meeting attended by H.E Mr. Saddek Omar ElKaber, Governor of the Central Bank of Libya, along with Mr. Fatih Karahan, Governor of the Central Bank of Türkiye in USA Washington on Wednesday,17th of April ,2024.

H.E Mr. Saddek Omar ElKaber, Governor of the Central Bank of Libya, and Dr. Khaled Al-Mabrouk, Minister of Finance met with Ms. Kristalina Georgieva, the Managing Director of the IMF, central bank governors, finance ministers from North Africa, the Middle East, and the Levant, besides heads and directors of Arab financial institutions within the MENAP group at IMF Washington on Wednesday, 17th of April 2024, the meeting addressed the prospects of the global economy, the slowdown in growth rates, the situation in the U.S. economy with persistently high U.S. interest rates, and their impact on investment stimulation and attraction and concerns of low-income countries in the region regarding the repercussions of global growth weakness, the effects of climate change on the global economy, and reviewing the experiences of regional countries and the lessons learned from dealing with financial crises and structural reforms adopted by some nations.

H.E Mr. Saddek Omar ElKaber, the Governor of the Central Bank of Libya met with Mr. Tauqir Shah, the Executive Director of the World Bank Group office in USA Washington on Tuesday, 16th of April, 2024 the meeting addressed the Discussion of latest economic and financial developments in Libya, and the role of Central Bank in maintaining financial sustainability ,Challenges faced by central banks in the region in combating inflation and their role in promoting sustainable growth, economic diversification, and support for small and medium-sized enterprises. Digitization of the economy, expanding financial inclusion, and electronic payment methods.