Libya's Central Bank Governor and Prime Minister agree to continue implementing US-brokered spending deal

Libya's Central Bank Governor Naji Issa and Prime Minister Abdel Hamid Dbeibah met at the Central Bank's office to discuss the nation's economic and financial landscape. The high-level meeting, attended by the Minister of Transport and the Minister of State for Communication and Political Affairs, aimed to bolster integration and coordination between fiscal and monetary policies.

A key focus of the discussion was the monitoring of public revenues and expenditures. The officials reviewed the procedures for implementing the US-brokered Unified Development (Spending) Agreement, assessing its compliance and effectiveness. Prime Minister Dbeibah reiterated his government's firm support for the agreement, emphasizing a commitment to its full execution.

He stressed the importance of identifying and rectifying any implementation challenges to achieve the agreement's objectives. The participants also highlighted the necessity of ongoing coordination between the Central Bank and the government. Continuous monitoring of agreed-upon measures was deemed crucial for supporting financial and economic stability and ultimately serving the public interest.

The meeting underscored a unified approach to managing Libya's economy, with both monetary and fiscal authorities working in tandem. The commitment to the Unified Development Agreement signals a continued effort to streamline public spending and enhance economic governance in the country.