The Economic Working Group on Libya meets CBL Governor
Libyan Cloud News Agency
The Co-Chairs of the Economic Working Group on Libya (EU, Egypt, United States, and UNSMIL) met with the Governor of Central Bank of Libya (CBL) Al-Siddiq Al-Kabir, and a consultant representing the CBL Deputy Governor Ali Al-Hibri, in Tripoli on Thursday.
The meeting focused on the progress on reunification of the Central Bank of Libya and continuing essential expenditures for the priority needs of the Libyan people.
Al-Kabir updated the co-chairs on the status of the work streams that form the reunification plan, which the CBL has worked on, with support from Deloitte.
The co-chairs stressed the need for sovereign institutions like the CBL and the National Oil Corporation (NOC) to remain independent and urged the authorities to ensure the NOC is well resourced to boost production amidst high oil prices for the stability of Libya.
The co-chairs also emphasized the need for transparency in government expenditures to ensure they are well-managed for the benefit of the Libyan people.
