Article IV consultations between Libya and the International Monetary Fund (IMF) have wrapped up in Tunis.
The discussions, which spanned ten days, involved a high-level Libyan delegation, including the Governor of the Central Bank of Libya (CBL), the Head of the Audit Bureau, the Minister of Labour and Rehabilitation, and the Deputy Governor of the CBL, alongside representatives from key ministries and the National Oil Corporation.
Heading the IMF delegation was Dimitri Gvindadze, accompanied by Cyrus Sassanpour, Senior Adviser to the IMF Executive Board.
During the consultations, participants deliberated on strategies to enhance economic, monetary, financial, and trade policies through collaboration with domestic institutions and international partners.
The IMF underscored the importance of income source diversification, prudent public spending management, fuel subsidy reforms, and urgent public finance reforms.
The Fund lauded the CBL's efforts in regulatory oversight, governance enhancement, electronic payment systems, and maintaining financial sustainability despite internal and external challenges.
