In the implementation of the Central Bank of Libya's plan to adopt the application of the latest international standards to improve the level of performance of the Libyan banking sector, the Director of the Banking Supervision Department opened Thursday morning, 2nd of November 2023, the activities of the expanded meetings to implement the international financial reporting standards IFRS9 and AAOIFI30، with all the specific committees formed in the commercial banks operating in Libya. The meeting aimed to determine the readiness of banks, their needs, and the challenges they face, and this comes within the framework of the Banking Supervision Department’s plan towards enhancing the financial safety of banks by supporting their capital base and enhancing the level of disclosure and transparency.