The Central Bank of Libya and the High Council of State discussed financial and monetary challenges and called for a joint technical committee to develop a comprehensive package of economic and financial reforms. The proposed committee would include the State Council and House of Representatives, coordinate with the central bank and other relevant entities, and monitor implementation of the reforms. Governor Naji Issa reviewed pressures involving public resource management, spending, liquidity and the exchange rate. Participants emphasized coordinating fiscal and economic policies, rationalizing public spending, addressing waste and corruption, strengthening transparency and accountability, and preserving the central bank’s institutional independence. Council members also rejected Issa’s resignation and supported his continued service.
Central Bank of Libya2026-08-12
Central Bank of Libya and High Council of State discuss joint committee to develop economic and financial reforms
The Central Bank of Libya and the High Council of State called for a joint technical committee to develop and monitor economic and financial reforms. Their discussions focused on public spending, liquidity, the exchange rate, transparency and the central bank’s institutional independence.