Central Bank of Libya outlines economic reform and compliance progress in U.S. State Department meeting

The Central Bank of Libya published an account of a high-level meeting in Washington between Gov. Naji Mohammed Issa and U.S. Assistant Secretary of State Kyle Liston, held at the invitation of the U.S. Department of State. In the meeting, the governor reviewed what the bank described as the results of an economic reform package that has supported monetary and financial stability despite regional and domestic pressures. According to the release, the discussion also covered the bank's work to strengthen compliance frameworks, enhance anti-money laundering and counter-terrorism financing systems, expand electronic payment infrastructure and introduce non-traditional monetary policy instruments aligned with international standards. The release added that these measures have helped reinforce the confidence of international financial institutions in the Central Bank of Libya. At the close of the meeting, Liston praised the results presented by the governor and the bank's board, and stressed the importance of fully supporting the central bank's independence as a pillar of Libya's stability and regional economic security.