The Central Bank of Libya (CBL) completed preparatory meetings of "Article IV" consultations to kick off in April 2025 with the International Monetary Fund (IMF). The meetings were held in Tunisia over five days between the technical teams of the CBL, the Libyan ministries and financial and economic institutions, representatives of the private sector, and the IMF expert mission.
The last day of these meetings witnessed the attendance of CBL Governor Naji Issa, his deputy, Marie Al-Barasi, some members of the CBL Board of Directors, its technical teams, and the Ministries of Economy and Trade, Finance, and Planning, the National Oil Corporation, the Audit Bureau, and the Statistics and Census Authority, in addition to representatives of the private sector and civil society organizations, according to a statement by the CBL.
The discussions included the general economic and financial situation of the Libyan state with the aim of coordinating efforts to achieve real harmony between economic policies (monetary, financial, and trade).
The CBL said that the IMF mission "appreciated its efforts in developing the banking sector, implementing tangible reforms in the field of governance, improving the quality of services, and developing electronic payment methods."
Article IV of the IMF's Articles of Agreement stipulates holding bilateral discussions with member states, usually on an annual basis, during which a team of IMF experts visits the member country, collects the necessary economic and financial information, and holds discussions with officials on economic developments and policies in that country.
