The Central Bank of Libya reported the end of the preparatory meetings for the 2025 Article IV consultations with the International Monetary Fund, and the 2025 Article IV consultations are scheduled to be held in April 2025.
The meetings were held in the presence of Naji Issa, Governor of the Central Bank of Libya and his deputy, some members of the Board of Directors of the Central Bank of Libya, and experts from the International Monetary Fund, and with the participation of the technical teams of the Central Bank of Libya, the Ministry of Economy and Trade, the Ministry of Finance, the Ministry of Planning, the National Oil Corporation, the Audit Bureau, and the Bureau of Statistics and Census, in addition to representatives of the private sector and institutions. Civil society.
During the meetings, the general economic and financial situation of Libya was reviewed, and discussions were drawn up between Libyan institutions for the purpose of coordinating efforts leading to real harmony between economic policies (monetary, financial, and trade).
The Central Bank of Libya stated that the International Monetary Fund appreciates the efforts of the Central Bank of Libya in developing the banking sector, making tangible reforms in the field of governance, improving the quality of services and developing electronic payment methods.
Article IV consultations
Through Article IV consultations, the IMF attempts to assess the economic health of member countries and anticipate future financial problems. The IMF also manages the IMF Institute, a department that provides training in macroeconomic analysis and policy formulation to member country officials.
