PC calls on CBL to deal responsibly with the UNOPS-led financial review
The Presidential Council (PC) has called on the Central Bank of Libya (CBL) to deal "responsibly" with the results and recommendations of the audit report and the financial review.
The PC Head Muhammad Menfi and deputies Moussa Al-Koni and Abdullah Al-Lafi discussed on Wednesday with the Governor of the CBL Saddek Elkabeer mechanisms for completing the reunification process of the banking institution.
The meeting also addressed other issues of concern, including the financial developments, monetary policy, and the performance of the banking and financial sector, as well as the outcomes of the audit report and financial review of the bank's accounts carried out under the supervision of the United Nations Office for Project Services "UNOPS," according to the PC media office.
Elkabeer gave a briefing on the steps undertaken to maintain the state's financial sustainability, besides measures concerning exchange rate policy, the volume of public spending, and fiscal and monetary stabilization.
The Presidential Council underscored the importance of holding periodic meetings and resuming consultations with all institutions to assess the financial and economic situation in the country and pursue fiscal policies within the framework of an integrated economic vision.