Libya's Central Bank to resume publishing financial bulletins amid transparency calls

The Central Bank of Libya (CBL) has announced it will recommence the publication of its monthly revenue and expenditure bulletins starting in early September. This decision follows a period of several months during which the bank ceased releasing these crucial financial statistics, a move that attracted widespread criticism.

The lack of transparency surrounding the suspension of these publications created uncertainty and raised questions about the integrity of the CBL and its governor. While the accuracy and consistency of the figures have sometimes been debated, particularly in relation to data from the Ministry of Oil and Gas and the National Oil Corporation, their regular release is considered vital for financial and economic disclosure.

Recognizing the concerns raised, the CBL assured that it will publish all monthly revenue and expenditure data from January of the current year. This step is intended to bolster transparency and improve financial and economic disclosure, addressing the criticisms leveled against the institution. The exact reasons for the initial halt in publication remain unclear, but the resumption signals a commitment to greater openness.