Senior officials at the Central Bank of Libya (CBL) and the International Monetary Fund (IMF) held a virtual meeting on Wednesday to discuss the economic situation in Libya, according to a statement by the central bank.
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Richard Norland, the U.S. Ambassador and Special Envoy to Libya, pitched the idea of involving the International Monetary Fund (IMF) in Libya’s domestic financial affairs before the upcoming general elections, sources close to the Libyan National Army (LNA) told The Libya Update.
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Head of the Libyan Presidential Council, Mohamed al-Menfi, met on Sunday with the Economy Minister, Mohamed al-Huwaij, to discuss ways to grease the wheel of national economy and expand the horizons of economic work based on well-studied strategic plans, according to the Council’s Media Office.
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The Libyan Audit Bureau 2020 report said the Operations Department of the Tripoli-based Central Bank of Libya (CBL) retained during 2020 permissions to pay salaries, did not implement them, and did not take into account the hierarchy in their disbursement.
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Governor of the Central Bank of Libya (CBL), Siddiq al-Kabir, met Sunday with work team formed by CBL’s departments to implement plan to unify the Bank, in Benghazi and Tripoli, according to the results of the International Financial Audit Review of the Bank, said CBL statement.
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he Governor of the Central Bank of Libya (CBL), Siddiq al-Kabir, met on Tuesday with the Oil and Gas Minister of the Government of National Unity (GNU), Mohamed Awn, in Tripoli.
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The Italian Consul in Benghazi, Carlo Batori, held talks on Monday with eastern representatives of the Libyan Business Council to discuss the latter’s cooperation with Italian companies to implement the coastal motorway project.
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Libyan Economy Minister, Muhammad al Hawij, spoke of the possibility of the “safe” return of U.S. companies to Libya, to complete the pending projects, following a meeting with some representatives of the United States Chamber of Commerce.
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Mohammed al-Menfi, the chairman of the Presidential Council, has reportedly held a closed-door meeting on Thursday with Saddek Elkaber, the governor of the Central Bank of Libya (CBL), in which they agreed to reopening the banking clearing next week.
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Ali Al-Hibri, Deputy Governor of the Central Bank of Libya (CBL), denied that he had declared to some newspapers about the approval of CBL Board of Directors to open the clearing system between banks.
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