H.E. Mr. Saddek Omar Elkaber Governor of the Central Bank of Libya, and his team, discuss with a number of central bank governors, and directors of financial institutions the strengthening of women’s role in the banking sector and central banks at the high-level forum held Thursday, 12th of October 2023, in Marrakesh, the Kingdom of Morocco.

In a meeting held Thursday 12th of October 2023, in Marrakesh, Kingdom of Morocco, between H.E Mr. Ayman Mohammed Alsayari, Governor of Saudi Central Bank, and his team, and H.E Mr. Saddek Omar Elkaber Governor of the Central Bank of Libya, and his team, discuss the shares of countries’ contributions to the International Monetary Fund, representation on the Fund’s Board of Directors, and Development in monetary policy tools and global economic conditions.

Mr. Maree Muftah Raheel Al-Barasi, Deputy Governor of the Central Bank of Libya, and his team discuss with (Hani Kablawi), Executive Vice President, and (Cathinka Wahlstrom), Chief Commercial Officer at Bank of New York Mellon, Fintech programs, automation of payment systems, financial inclusion, and readiness to implement the Fintech’ joint workshop , cybersecurity training, and the progress made by the Central Bank of Libya in meeting compliance requirements, and the processes for unifying the Central Bank of Libya in the meeting held on Thursday, 12th of October 2023, in Marrakesh, the Kingdom of Morocco.

Sovereign credit rating programs, the strategy of the Central Bank of Libya in enhancing principals of disclosure and transparency, the role of Central Bank of Libya in ensuring sustainability and financial stability, and reviewing the unification processes for the Libyan state, the topics discussed by H.E. Mr. Saddek Omar Elkaber Governor of the Central Bank of Libya, and his team with Dan Zelikow, Vice President for Public Sector Affairs for JP Morgan and his team. Thursday, 12th of October 2023, in Marrakesh, Kingdom of Morocco.

H.E. Mr. Saddek Omar Elkaber Governor of the Central Bank of Libya, and his team discuss with (Anne Baum), Director of Central Banks and International Account Services at the US Federal Reserve Bank, and her team, business continuity plans, the progress achieved by the Central Bank of Libya in meeting compliance requirements, and the capacity building program that will be held in Abu Dhabi in November 2023, in partnership between the Federal Bank and the Arab Monetary Fund, and developing cooperation by proposing a set of new investment tools that contribute to increasing the financial returns of the bank’s financial reserves, at the meeting held today, Thursday, 12th of October 2023, in Marrakesh, the Kingdom of Morocco.

Deputy Governor of the Central Bank of Libya, Mr. Maree Muftah Raheel Al-Barasi, and his team discussed with the Deputy Director General of the Monetary Policy and Financial Markets Department at the International Monetary Fund (Mai Khamis), balance of payments stability measures, monetary policy controls and mechanisms, and the latest practices in managing foreign reserves and the capacity building program, at the meeting held on Wednesday, 11th of October in Marrakesh, Kingdom of Morocco.

In his meeting with Kristalina Georgieva, President of the International Monetary Fund, and the governors of the Group of Sub-Saharan African Countries in the Africa Caucus of the International Monetary Fund. H.E. Mr. Saddek Omar Elkaber, Governor of the Central Bank of Libya, and his team reviewed the global economic conditions, the conditions of the region, and the contribution of the International Monetary Fund to ensure the financial sustainability of member states and raise the level of the group’s representation on the Fund’s Board of Executive Directors, during the meeting held in Marrakesh in the Kingdom of Morocco on Tuesday, 10th of October.

In his meeting held Wednesday morning 11th of October 2023, in Marrakesh, Kingdom of Morocco, with the governors of the Middle East and Central Asia region, in presence of the President of the International Monetary Fund (Kristalina Georgieva) and the Director of the Fund’s Middle East and Central Asia Department (Mr. Jihad Azour), H.E. Mr. Saddek Omar Elkaber Governor of the Bank of Libya. The Central Bank and its team discussed the economic and financial challenges and policies in the region in light of global inflation, and also discussed credit and liquidity risks in a stressful environment on the banking sector, and the strategies required to strengthen precautionary measures

Offering solidarity and condolences to the Hurricane Daniel’s victims, cooperation between the two Banks, following up on the recommendations of the Washington meeting in March 2023, reviewing the performance of Japanese companies working reconstruction and energy projects, and discussing the Asian markets’ conditions, are the meeting’s topics between Mr. Mari Moftah Al-Barasi, Deputy Governor, and the Central Bank of Libya team and Mr. Yuki Mizunoe, Regional Director of the Japanese Bank Mizuho, ​​and the team accompanying him, Wednesday, 11th of October, 2023, in Marrakesh, the Kingdom of Morocco.

Geopolitical conflicts, climate change, the related economic developments, Vertual Currencies and its associated technologies, and AI are the most important meeting’s topics between H.E. Mr. Saddek Omar Elkaber Governor of the Central Bank of Libya, with Mr. Dominique de Villepin, an economic expert and Former Prime Minister of France, in Marrakesh, the Kingdom of Morocco.

The The results of Islamic Development Bank team’s visit to Tripoli, the capacity building programs adopted by the Islamic Development Bank, the vision of empowering youth and increasing their participation in the labor market, and the plan of the Central Bank of Libya to support small and medium enterprises and benefiting from the experiences of the Islamic Development Bank in particular, and supporting and developing the financial sector and programs to develop financial supervision, and reviewing the experience of the Central Bank of Libya in maintaining financial sustainability and the strength of the Libyan dinar under exceptional circumstances, these are topics were discussed during roundtable between H.E. Mr. Saddek Omar Elkaber Governor of the Central Bank of Libya and his team, and Mr. Muhammad Suleiman Al-Jasser, Chairman The Islamic Development Bank and its accompanying team, Tuesday, 10th of October, 2023, in Marrakesh, Kingdom of Morocco

Offering condolences and sympathy to the Libyan state and the Libyan people for the Hurricane Daniel’s victims, coordinating international support efforts to develop the banking and financial sector, supporting the Central Bank of Libya on combating money laundering and terrorist financing and national risk assessment, and the resumption of the Fund’sArticle IV consultation, and briefing about the procedures for unifying the Central Bank of Libya, were the important topics that discussed during the meeting of H.E Mr. Saddek Omar Elkaber Governor of the Central Bank of Libya, and his team with Mr. Kenji Okamura, Deputy Executive Director of the International Monetary Fund, and his team, on Tuesday, 10th of October 2023, in Marrakesh, the Kingdom of Morocco.