The Governor of the Central Bank of Libya (CBL), Al-Siddiq Al-Kabir, held discussions on four major files with the World Bank Group Executive Director, Naveed Baloch, last week.
The talks dealt with the World Bank’s relationship with Libyan institutions, and the most important existing and targeted projects.
During the talks, they discussed the report of the International Monetary Fund regarding Article IV consultations, and aspects of cooperation and partnership between the Central Bank and the World Bank.
Last Tuesday, the World Bank said, in a statement, that the Libyan economy is facing great challenges, but the country has potential for reconstruction and diversification of its economic activities according to four pillars that lay the necessary foundation for achieving prosperity in the country’s future, referring to the resilience of the national economy.