The United States (US) renewed its support for the process of unifying the Central Bank of Libya (CBL), as well as the role of the High Finance Committee established pursuant to the Presidential Council’s decision to determine aspects of government spending in Libya, the CBL said.
The CBL Governor, Al-Siddiq Al-Kabir, and his accompanying delegation met on Tuesday with Deputy Assistant Secretary of the US Treasury, Eric Meyer, on the sidelines of the meetings of the International Monetary Fund and the World Bank, which are ongoing in the Moroccan city of Marrakesh.
During the meeting, Al-Kabir and Mayer discussed the recommendations of the US Treasury Department regarding the governance of spending on the reconstruction of areas affected by Storm Daniel in cooperation with the World Bank, after the Government of National Unity had submitted a request for assistance from the World Bank earlier last month.
Al-Kabir provided a briefing on the measures completed within the plan to unify the CBL, while Mayer stressed the US support for the unification track, and the US Treasury’s support for the role of the High Finance Committee to ensure transparency and disclosure and ensure the fair distribution of development allocations.
He also discussed with the American official efforts to combat money laundering and terrorist financing, in addition to discussing the program to review countries’ contributions to the International Monetary Fund, as well as the controls of financial transactions for international non-profit organizations.
Al-Kabir and his accompanying delegation are holding a number of meetings with senior economic and financial officials participating in the fall meetings of the International Monetary Fund and the World Bank in Marrakesh.