Naji Issa, Governor of the Central Bank of Libya, met with his delegation today. The meeting occurred in Washington, the American capital. They met with Ahmadu Mustafa Ndiaye. Ndiaye is the Director of the World Bank Group for North Africa and the Middle East. They also met with directors from the World Bank’s technical departments.
During the meeting, the Governor affirmed the Central Bank’s readiness. This readiness is for an international evaluation process. The MENAFATF plans to conduct this assessment. MENAFATF is the Middle East and North Africa Financial Action Task Force. The evaluation will ensure the Central Bank of Libya’s commitment. It will verify adherence to the highest standards for combating money laundering. It will also cover counter-terrorism financing. This protects the Libyan financial system. It guarantees compliance with international banking standards.
The Governor also presented the Central Bank’s ambitious vision. This vision aims to establish the foundations of economic reform. It focuses on driving recovery. This will be achieved through integrated monetary and financial policies. The vision includes strengthening financial inclusion efforts. Financial inclusion is a key tool for development. It helps empower the national economy.