Libya's CBL Governor participates in IMF-WBG Spring Meetings 2022

News In Brief

Libya's CBL Governor participates in IMF-WBG Spring Meetings 2022

April 21, 2022 - 19:23
Written by: AbdulkaderAssad

The Governor of the Central Bank of Libya (CBL), Al-Siddiq Al-Kabir, has participated in the Spring Meetings of the International Monetary Fund (IMF) and the Boards of Governors of the World Bank Group (WBG).

On the sidelines of the meetings, the two largest financial and monetary policy institutions in the world published a report on the prospects for the global economy, saying it is likely to reduce international economic growth to 3.6%, compared to 6.1% last year.

The report warned of high levels of inflation in 2022 due to the Russian-Ukrainian war and its repercussions on states' economies, expecting that it will reach 5.7% in developed countries and 8.7% in economies of developing countries.