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Libya’s central bank discusses reforms with US Treasury

By , based on Libya Herald

Libya’s central bank discusses reforms with US Treasury

Libya’s central bank governor, Naji Issa, discussed fiscal and monetary coordination and documentary credit controls with the US Treasury. The meeting, held in Bangkok on the sidelines of IMF and World Bank meetings, also addressed the fight against smuggling, according to Libya Herald.

The governor of the Central Bank of Libya, Naji Issa, met Eric Meyer, the US Assistant Secretary of the Treasury, to discuss Libya’s economic, financial and political developments. The talks also covered the implementation of the unified public spending agreement, according to Libya Herald.

The meeting was held on the sidelines of the annual meetings of the International Monetary Fund and the World Bank, organised in Bangkok, Thailand. Both sides stressed the coordination of fiscal and monetary policies and the strengthening of fiscal discipline to preserve the country’s economic and financial stability and the sustainability of its public finances. These international meetings are covered separately in the IMF and World Bank’s examination of the energy shock in Bangkok.

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