2024-04-23 00:46:37
The Governor of the Central Bank of Libya, Al-Siddiq Al-Kabir, discussed in Washington, DC, with the President of the Asian Infrastructure Investment Bank, Jin Licon, financing strategic projects and providing support and training.
For his part, Jin expressed his happiness with the State of Libya joining as a shareholder in the bank through the Central Bank of Libya, expressing the readiness of the Asian Bank to finance strategic projects and provide consultations and expertise, according to the Central Bank.
The Central Bank of Libya completed the membership of the State of Libya and the contribution to the bank’s capital in September 2023.
Al-Kabeer also discussed with Vice President of JPMorgan Bank Daniel Zeljko, and Head of the Bank’s Global Public Sector Group, Masha Glukhovsky, the latest developments in global financial markets, and the repercussions of the current conditions and their effects on the most important economic indicators related to growth rates, inflation, and unemployment.
According to the Central Bank, the prices of the most important global commodities (oil and gold), and the Central Bank’s efforts in the field of combating money laundering and terrorist financing, and disclosure and transparency, were discussed.
According to the Central Bank, the bank praised the continued and remarkable development of the performance of the Central Bank of Libya in light of the challenges, expressing its continued support in all areas of investment, financial and technical consultations, and building human capabilities.
On Thursday, Al-Kabir discussed, with US Deputy Secretary of State Joshua Harris, in the presence of US Special Envoy to Libya Richard Norland, strengthening cooperation and coordination between the US State Department, the US Embassy, and the Central Bank of Libya.
Al-Kabeer and Harris also discussed supporting efforts for transparent, unified and effective management of oil and public resources, and supporting the Central Bank’s efforts to unify and maintain the state’s financial sustainability.
The US Embassy published that Al-Kabeer and Harris agreed on the need for effective, transparent and unified management of public resources that enables the central bank to develop an effective monetary policy, according to the embassy.
Al-Kabir also discussed in Washington, DC, with Assistant Secretary of the US Treasury Eric Meyer, the mechanism for intensifying further efforts to combat corruption, money laundering and terrorist financing. Supporting the bank’s efforts to increase the level of disclosure and transparency, and publishing periodic reports. In addition to supporting the Oil Corporation to maintain and increase production rates.
For his part, the Minister of Finance of the Government of National Unity, Khaled Al-Mabrouk, held several meetings in the American capital, Washington, with his counterparts from the countries of Congo-Brazzaville, Guinea-Bissau, Serbia, and Pakistan, to discuss the file of settling debts owed to the State of Libya.
According to our government’s platform, the meetings on the sidelines of the annual meetings of the Bank Group and the International Monetary Fund for this year discussed enhancing aspects of economic cooperation and bilateral relations between Libya and these countries.
During his meeting with the Serbian Deputy Prime Minister and Minister of Finance, Al-Mabrouk discussed settling the debt owed to Libya.
Al-Mabrouk also agreed with the Congolese Minister of Finance, Brazzaville, to adopt an appropriate mechanism to pay the remaining installments of the debt after addressing the reasons for the late payment of the last three installments due.
For his part, the Minister of Finance of the Republic of Guinea-Bissau confirmed, during his congratulated meeting, his country’s commitment to pay the debt installments owed to the State of Libya on time.
Source: Central Bank of Libya – Our Government Platform + American Embassy + Libya Al-Ahrar
2024-04-23 00:46:37