Libya's Central Bank Governor meets High State Council head, committee formed for economic reforms

This meeting occurred after Governor Issa submitted his resignation on August 10. During the meeting, HSC members rejected the Governor's resignation and urged him to continue his duties. Governor Issa discussed key financial and monetary challenges, including public resource management, expenditure, liquidity, and exchange rates, and their impact on economic stability and citizens' living conditions.

The discussion emphasized the need for the CBL's uninterrupted operation and its independence from political interference to maintain monetary policy stability. The meeting also highlighted the importance of aligning fiscal and economic policies, rationalizing public spending, combating corruption, protecting public funds, and enhancing transparency. A joint technical committee, including members from the HSC and the House of Representatives, will be established in coordination with the CBL and other relevant entities.

This committee will formulate and oversee comprehensive economic and financial reforms to address existing imbalances. Participants stressed that overcoming the economic crisis requires decisive actions, support for reform-driven institutions, and prioritizing national interests to preserve Libya’s assets and strengthen confidence. The meeting was also attended by First HSC Deputy Naji Mukhtar, Second Deputy Omar