The Central Bank of Libya' Board of Directors held its first meeting on 29th of January 2025, in Derna. The meeting was chaired by H.E Governor, attended by his Deputy and all board members, during which the agenda items were discussed, and several key decisions were made. Among the most significant resolutions was initiating the development of a mechanism to establish investment funds aimed at improving the business environment and involving the banking and private sectors in financing development projects.

The Board also reviewed the 2024 public expenditure policy and its impact on the exchange rate, besides the unprecedented surge in demand for foreign currency. Furthermore, it was agreed to engage with relevant authorities to approve a unified budget for 2025, in accordance with a law issued by the House of Representatives, while implementing reforms in public expenditure policies and other economic policies. Additionally, the Board made further decisions related to the operations and responsibilities of the Central Bank and its departments.

Alongside the meeting, the Board conducted an inspection tour within the city of Derna to assess the latest developments in reconstruction efforts and the progress of related initiatives. The Board also held a meeting with the Director General of the Development and Reconstruction Fund and his team to review the projects completed by the fund and those planned for implementation.