The General Union of Chambers of Commerce, Industry and Agriculture in Libya announced its full support for the Presidential Council’s recent decisions to appoint a new board of directors for the Central Bank, describing the step as “an important turning point towards enhancing efficiency and transparency in the management of national institutions.”
The statement issued by the Federation stated that the formation of a new board of directors reflects the Presidential Council’s commitment to strengthening collective governance and ensuring that economic decisions are taken in a spirit of shared responsibility, which enhances the institutions’ ability to respond effectively to the requirements of the current stage.
The Federation stressed the importance of the principle of governance and transparency in the management of the Central Bank to ensure the achievement of its national objectives and enhance confidence in our financial institutions.
The statement stressed that activating this principle is an urgent necessity in light of the current challenges, and that the monopolization of the management of the Central Bank by one individual is no longer possible.
The Union expressed its confidence that the new council will contribute to improving the business environment and supporting the commercial, industrial and agricultural sectors in Libya, calling on all members of the Union and relevant parties to provide all possible support to the new council to ensure its success in achieving the desired goals.
Source: Statement of the General Union of Chambers of Commerce, Industry and Agriculture in Libya.
2024-08-30 01:20:27