Tripoli: The Central Bank of Libya (CBL) and the Ministry of Finance have reached an agreement to commence the automatic disbursement of public sector salaries starting in September. This decision was made during a meeting between CBL Governor Naji Issa and the Minister of Finance in the Government of National Unity, Khaled Al-Mabrouk. The discussions also covered the Ministry’s digital transformation initiatives and the creation of a unified treasury account system.
According to Libyan News Agency, the CBL reported that the meeting focused on several collaborative projects aimed at aligning monetary and fiscal policies to support the improvement of Libya’s economic landscape. The agreement to automatically disburse salaries is expected to streamline financial operations for public sector employees across all sectors starting next month.
The CBL further announced that joint working groups will be established between the Central Bank and the Ministry of Finance. These groups will be tasked with advancing the implementation of modern digital transformation techniques, signaling a significant step towards enhancing the country’s financial infrastructure.