The Governor of the Central Bank of Libya, Naji Issa, said on Tuesday that Libya is facing complex economic and financial challenges that require strengthening cooperation and joint work among various financial institutions to support the country’s path of sustainable development.
Issa added, during the conference on “Banking Investment and its Role in Enhancing Economic Development” organized by the Central Bank of Libya, that the current phase requires activating the developmental role of the banking sector through legislative and regulatory reforms that create a suitable environment for investment and enable banks to contribute effectively to economic growth.
He pointed out that overcoming these challenges is linked to achieving a genuine partnership between Libyan financial and banking institutions, stressing the Central Bank’s commitment to continuing efforts to develop the banking sector, enhance financial inclusion, and build confidence in the national financial system.
