Libya & Holland Discuss Financial Cooperation

Libya & Holland Discuss Financial Cooperation
Libya & Holland Discuss Financial Cooperation

The Governor of the Central Bank of Libya (CBL), Al-Siddiq Al-Kabir, met with the Dutch Ambassador, Dolf Hogewoning, to discuss bilateral cooperation in setting up and arranging training courses for the staff of the CBL. This cooperation will be coordinated with the Dutch Central Bank.

According to a statement from the CBL released on Sunday, the meeting touched on the International Monetary Fund’s (IMF) positive report about Libya and the country’s efforts in the field of renewable energy.

Earlier this month, a delegation from the CBL, headed by Al-Siddiq Al-Kabir, discussed the bank’s efforts to combat money laundering and terrorism financing with the Executive Director of the IMF. They also laid out the roadmap for the next phase.

This discussion signifies a positive development in Libya’s financial sector and demonstrates the ongoing commitment to enhance professional development and ensure financial transparency in the country. It also marks a step forward in Libya’s engagement with international partners to advance the country’s economy.

Earlier, the Governor of the CBL, Al-Sadiq Al-Kabir and his accompanying delegation held a meeting with the Executive Director of the World Bank Group, Naveed Baloch.

One of the key topics of discussion during the meeting was the World Bank’s relationship with Libyan institutions, as well as ongoing and targeted projects.

The meeting also touched upon the IMF report regarding Article IV consultations, and aspects of cooperation and partnership between the CBL and the World Bank.

Earlier, Al-Kabir, and Assistant Secretary of the US Treasury, Eric Meyer discussed joint cooperation to combat money laundering and terrorism financing.

The US Special Envoy to Libya, Richard Norland participated in the meeting, which was held in Washington DC, on Tuesday.

According to a statement issued by the CBL, the two sides discussed the results of the Article IV consultations with the IMF. As well as the CBL’s efforts, in partnership with the Libyan Government of National Unity (GNU), to invest in renewable energy and raise oil production rates.