On October 13, 2025,  H.E. Naji Mohammed Issa, Governor of the Central Bank of Libya, signed a cooperation agreement with Mr. Jorge Familiar, Vice President and Treasurer of the World Bank, at the Bank’s headquarters in Washington, D.C. The agreement was concluded under the framework of the Reserve Advisory and Management Partnership (RAMP) program.

The agreement aims to achieve competitive returns on the Central Bank’s foreign currency reserves through the adoption of international best practices in asset allocation, portfolio and risk management, as well as the development of human capital, information infrastructure, accounting frameworks, financial reporting, and legal systems.

By joining the RAMP network which includes more than 90 central banks, sovereign wealth funds, and financial institutions worldwide the Central Bank of Libya strengthens its ability to expand its network of peers in the fields of investment and reserve management. This partnership will facilitate the exchange of expertise and the adoption of globally recognized best practices to enhance the efficiency and effectiveness of managing Libya’s financial assets.