Libya’s Finance, Economy Ministries and Central Bank agree on continuing economic reforms

Seminar for economic policies in Tripoli. [Photo: Internet]
Libya’s Ministry of Finance held a seminar on Libyan economic policies and future in Tripoli on Saturday in the presence of the Ministry of Economy and Central Bank of Libya officials.

The seminar showcased the current policies in financial, fiscal and commercial fields in Libya.

It also displayed the measures in place regarding the economic reforms and the ramifications of the fees on dollar purchase, which have been approved by the CBL and the Presidential Council, on all fields and living conditions in the country.

The seminar recommended activating the economic policies’ committee and continuing with the approved economic reforms so fiscal stability can be achieved in Libya.

It also proposed creating a database for the authorities responsible for decisionmaking in the economic sector.

The seminar called for enabling the private sector to actively take part in the state’s economy so the impact of the fees on dollar purchase transactions can be reduced.

The final statement of the seminar also called for approving the customs tariffs as proposed by the Ministry of Finance and for creating offices for the taxpayers in Tripoli, Benghazi, and Sabha.

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