International Representatives Show Support for Central Bank of Libya’s Transparency Efforts

The Governor of the Central Bank of Libya, Al-Sadiq Al-Kabir, has been actively discussing efforts to enhance the level of transparency and disclosure of spending with various international representatives. In a recent meeting with Abdullah Bathily, the Special Representative of the Secretary-General of the United Nations and Head of the United Nations Support Mission in Libya (UNSMIL), Al-Kabir discussed the Central Bank’s efforts and general revenue according to the monthly data published by the bank.

The UN envoy confirmed full support for the mission’s efforts to unify the Central Bank of Libya and its readiness to cooperate and support the bank in future steps. The two sides also discussed the upcoming roadmap for the role of the Central Bank in driving the economy and maintaining financial and monetary stability for the country.

In a separate meeting with Mustafa Mehrag, Ambassador of France to Libya, Al-Kabir discussed the Central Bank’s efforts in disclosure and transparency through its issuance of a monthly statement on revenue and expenditure. The ambassador praised efforts to unify the Central Bank of Libya and considered it an important step in activating the economy.

Likewise, Al-Kabir met with Caroline Hurndall, Ambassador of the United Kingdom to Libya, as her mandate in Libya is coming to an end. The two reviewed issues of common interest between their respective countries. The British ambassador praised unifying the Central Bank of Libya and its positive impact on local and international levels. Hurndall considered that unifying the bank would be a motivation for British companies to resume their activities in Libya.

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