The Central Bank of Libya (CBL) announced the beginning of "Article IV" consultations for 2024 with the International Monetary Fund (IMF), on Wednesday morning, at the IMF's headquarters in Washington D.C.

The CBL said on its Facebook page that consultations with the IMF would continue for ten days to evaluate the general economic and financial situation and the policies and measures taken in Libya in 2023.

The CBL explained that these consultations would be joined by specialized technical teams representing the ministries of Finance, Economy and Trade, Planning, Labor and Rehabilitation, and the teams of the Audit Bureau and the National Oil Corporation.

The Central Bank indicated that the "Article IV" consultations with the IMF come after the success of last year, and following the consultative meetings of Governor Al-Siddiq Al-Kabir and his accompanying team with the IMF team, which took place on the sidelines of the annual meetings of the IMF and the World Bank in mid-April.