Monday, June 23, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

Libyan Central Bank Governor Discusses Economy With IMF

October 11, 2022
Share on FacebookShare on Twitter

The Governor of the Central Bank of Libya (CBL), Al-Siddiq Al-Kabir met with the Director of the Middle East and Central Asia Department, and the Executive Director of the Libya Group at the International Monetary Fund (IMF). They discussed the financial and economic situation in Libya.

During an expanded meeting, held at the Fund’s headquarters in Washington, the two parties also discussed the efforts of the CBL to maintain financial sustainability. The meeting reviewed progress in technical cooperation programs between the CBL and the IMF.

According to a statement by the CBL, the meeting concluded with an agreement to launch a package of joint programs for 2023, including a roadmap for their implementation.

Al-Kabir also discussed efforts to recover loans granted by the Libyan state before 2010.

They also discussed enhancing bilateral cooperation, especially in launching training programs to develop CBL employees.

The IMF expects prices and inflation rates to continue to rise in Libya, and the Arab region during 2022.

According to the data of the World Economic Outlook released in April, the inflation rate in Libya is estimated to reach 3.7% in 2022.

The report said that the Libyan economy will grow by the end of this year, at a rate ranging from 3.5-5.3%. It pointed out that Iraq will record the fastest economic growth in the Arab region, estimated at 9.5%.

Notably, CBL data for December 2021 showed an increase in the inflation rate in Libya by 4.1%, amid a noticeable increase in the prices of goods in the country.

In March, the IMF warned of Libya’s need to structurally reform its economic system. This comes amid fears of the consequences of the Ukrainian crisis, and global inflation after the COVID-19 epidemic.

The IMF’s recommendation came during a meeting with officials from the CBL.

Tags: Al Siddiq al KabeerCentral BankCentral Bank Governorlibya
Next Post

Libyan Parliament: Militias, Mercenaries & Dbaiba Against Elections

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Libya’s Haftar & British Envoy Discuss Political Developments

Libya Launches New Electoral Education Initiative

Libya’s Kufra Hosts 160,000 Sudanese Refugees

Berlin Conference Reaffirms Support for Libyan-Led Political Process

Libya’s Interior Ministry Reports Armed Attack on Security Forces in Tripoli

Libya & Italy Sign Military Cooperation Plan

EDITOR PICKS

UN Security Council to Hold New Briefing on Libya Crisis

Greece to Deploy Navy Near Libya to Monitor Migrant Departures

NIHRL Demands Full Participation in Libya’s Prison Monitoring Efforts

Libyan Movement Vows to Continue Peaceful Demonstrations Against Dbaiba’s Government

Libya to Benefit from Global Oil Price Surge

128,000 Students Begin Final High School Exams Across Libya

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR