{"id":17184,"date":"2017-11-24T11:59:20","date_gmt":"2017-11-24T11:59:20","guid":{"rendered":"https:\/\/newcbl.demo.ly\/en\/a-discussion-around-the-economic-reform-program-in-libya\/"},"modified":"2023-05-21T12:20:13","modified_gmt":"2023-05-21T12:20:13","slug":"a-discussion-around-the-economic-reform-program-in-libya","status":"publish","type":"post","link":"https:\/\/cbl.gov.ly\/en\/a-discussion-around-the-economic-reform-program-in-libya\/","title":{"rendered":"A discussion around the economic reform program in Libya"},"content":{"rendered":"<p>The presidential council of the national Accord Government organized a discussion on the economic and financial reform program , In the presence of The Central Bank of Libya , The Audit Bureau\u00a0 as well as a number of Experts ,Business men , Media and different parties interested in attending the discussion .<\/p>\n<p>The discussion reviewed the most important components of the economic reform program ,which was prepared by a committee known by the name &#8221; The Committee of Twenty &#8221; that was formed by the presidential council resolution \u00a0No.(231) for year 2017.<\/p>\n<p>In addition , the discussion also included the economic and financial reform program prepared by the policy committee and a group of experts at the Central Bank of Libya that was prepared in cooperation with the deputy presidential council , Undersecretary of the ministry of economy and the Libyan oil company .<\/p>\n<p>&nbsp;<\/p>\n<p>The Manager of the Research Department at the Central Bank of Libya presented a summary of the program , in which emphasized that \u00a0the general basics of the reform program come list under four main points :<\/p>\n<ol>\n<li>Supporting the National Oil Company.<\/li>\n<li>Correcting the Exchange rate and putting it at the equilibrium price .<\/li>\n<li>Review the support policies and set up a support replacement program .<\/li>\n<li>Review the trade policies and anti- smuggling program .<\/li>\n<\/ol>\n<p>The participants agreed during the discussion on the need to confront the crisis and its repercussions in cooperation between all concerned parties , they all confirmed that the delay in dealing with the crisis , will exacerbate the crisis and will double or may triple the bill of the reform , besides the economic and financial reform should be processed gradually as it has became an urgent necessity has to be taken as a supreme interest of the state in its present and future , with emphasis on the need to decrease depletion of state resources and decrease the dramatic expansion of salaries , which consumes about 65% of the general budget , as well as the deficit in the balance of trade , they also stressed that the change in exchange rate policy individually and without accompanying procedures will negatively affect the economy ,that\u2019s why the correct steps, should be comprehensively taken towards all real causes of the crisis and not Just take \u00a0temporary solutions.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-2411\" src=\"https:\/\/cbl.gov.ly\/en\/wp-content\/uploads\/sites\/4\/2022\/11\/2411b.jpg\" alt=\"\" width=\"555\" height=\"304\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-2412\" src=\"https:\/\/cbl.gov.ly\/en\/wp-content\/uploads\/sites\/4\/2022\/11\/2411c.jpg\" alt=\"\" width=\"557\" height=\"323\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-2410\" src=\"https:\/\/cbl.gov.ly\/en\/wp-content\/uploads\/sites\/4\/2022\/11\/2411a-1024x601.jpg\" alt=\"\" width=\"548\" height=\"319\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The presidential council of the national Accord Government organized a discussion on the economic and financial reform program , In the presence of The Central Bank of Libya , The Audit Bureau\u00a0 as well as a number of Experts ,Business men , Media and different parties interested in attending the discussion . The discussion reviewed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17187,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[48],"tags":[],"class_list":["post-17184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/cbl.gov.ly\/en\/wp-json\/wp\/v2\/posts\/17184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cbl.gov.ly\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cbl.gov.ly\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cbl.gov.ly\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cbl.gov.ly\/en\/wp-json\/wp\/v2\/comments?post=17184"}],"version-history":[{"count":15,"href":"https:\/\/cbl.gov.ly\/en\/wp-json\/wp\/v2\/posts\/17184\/revisions"}],"predecessor-version":[{"id":21126,"href":"https:\/\/cbl.gov.ly\/en\/wp-json\/wp\/v2\/posts\/17184\/revisions\/21126"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cbl.gov.ly\/en\/wp-json\/wp\/v2\/media\/17187"}],"wp:attachment":[{"href":"https:\/\/cbl.gov.ly\/en\/wp-json\/wp\/v2\/media?parent=17184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cbl.gov.ly\/en\/wp-json\/wp\/v2\/categories?post=17184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cbl.gov.ly\/en\/wp-json\/wp\/v2\/tags?post=17184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}