Central Bank plan to address financial imbalances
LIBYA – The First Deputy Speaker of the House of Representatives, Tariq Al-Ashtar, joined by a number of MPs, has discussed the country’s economic and banking situation with the Governor of the Central Bank of Libya, Fawzi Abukhzam, together with the bank management’s plan to address financial imbalances and support monetary stability.
Meeting at the House Diwan in Tripoli
The House of Representatives’ official website said the meeting was held at Al-Ashtar’s office at the Diwan of the House of Representatives in Tripoli, and covered the current state of the Central Bank and the main challenges facing the banking system and the Libyan economy.
Abukhzam presents the plan of the bank and its board
The governor outlined his and the bank’s board of directors’ plan for dealing with the economic crisis, as well as proposed measures to correct financial imbalances, preserve the value of the national currency, strengthen monetary stability and improve the performance of the banking sector.
Resources, spending and the impact of monetary policy on citizens
The two sides discussed the management of public resources and revenues, monetary policy and the level of government spending, and its effect on citizens’ living conditions.
Al-Ashtar and the MPs present stressed the importance of coordination among the relevant institutions and of adopting a clear vision and practical measures to tackle the economic challenges, protect the national economy and improve living conditions.
