CBL and IMF wrap up nine-day consultations in Tunis

Libya’s Central Bank has concluded a nine-day round of consultations with the International Monetary Fund in Tunisia, focusing on economic reform priorities and measures to reinforce financial stability.

The discussions, held in Tunis, were led by Central Bank Governor Naji Issa and Deputy Governor Marai Al-Barassi. They brought together senior officials from the bank alongside representatives of key government institutions.

According to officials, the talks centred on Libya’s recent economic performance and examined fiscal, monetary and trade policies, as authorities seek to navigate ongoing economic challenges.

Participants also reviewed steps taken to strengthen financial stability, with particular emphasis on sustaining reform efforts and enhancing transparency across the financial system.

Key priorities discussed included maintaining fiscal sustainability, encouraging investment, diversifying sources of national income and improving governance within the banking sector.

At the conclusion of the meetings, the IMF mission commended the Central Bank’s efforts to support financial stability despite persistent pressures.

The Fund also highlighted progress in several areas, including the expansion of electronic payment systems, improved financial inclusion, tighter regulation of exchange activities and the development of monetary policy tools aimed at supporting the Libyan dinar.

The consultations form part of ongoing cooperation between Libya and the IMF as the country works to stabilise its economy and lay the groundwork for longer-term growth.