Washington: The Governor of the Central Bank of Libya (CBL), Naji Mohammed Issa, along with his delegation, engaged in discussions with Kenji Okamura, Deputy Managing Director of the International Monetary Fund (IMF), in Washington. The meeting was attended by several high-level IMF department directors and focused on addressing the structural imbalances within the Libyan economy.
According to Libyan News Agency, the meeting covered the outcomes of the Article IV consultations and the efforts of Libyan institutions in providing data and information. The Governor presented an initiative aimed at resolving the structural challenges in Libya’s economy. His proposed short-term strategy includes a package of economic reforms, such as unifying public expenditure and revising trade and financial policies, which received a positive response from all participants.
The CBL noted that IMF representatives expressed their readiness to offer the necessary technical support and advice, particularly in areas concerning the exchange rate and the strengthening of the Libyan dinar’s value. The discussions underscored the collaborative efforts between the CBL and IMF to stabilize and improve Libya’s economic framework.