USAID organized workshops for CBL staff to improve monetary plan

USAID organized workshops for CBL staff to improve monetary plan

June 07, 2022 - 12:15
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Written By: SafaAlharathy

The United States Agency for International Development (USAID) organized last March workshops with the Central Bank of Libya to help improve the 2022 annual monetary plan, the US Embassy in Libya has disclosed.

The embassy said the plan would help the Central Bank to implement a monetary policy framework that focuses on enhancing the stability of the economy and reducing inflationary pressures.

According to the same source, the US Agency for International Development has started 30 training sessions for central bank staff, including inspectors, evaluators, economists, and anti-money laundering experts, on banking supervision and risk management by working with the CBL to restore confidence in the Libyan banking system.

It reiterated the USAID's support for the return to official financial transactions that can encourage entrepreneurship, savings, trade, and stimulate job growth, as it put it.