The European Union ambassador to Libya, Nicolas Orlando, held a meeting in the capital, Tripoli, with the Governor of the Central Bank of Libya, Naji Issa. The discussion focused on the economic challenges facing the country, particularly concerning currency stability and efforts to curb rising inflation amid growing public spending.
During the meeting, both sides emphasised the critical need for all financial institutions cadhere to the principle of fiscal responsibility. They strongly called for the House of Representatives to approve a unified and transparent framework for public spending, ensuring it is subject to rigorous oversight and effective accountability.
Ambassador Orlando underscored the vital importance of maintaining the independence and efficiency of Libya’s economic and regulatory institutions, with the Central Bank of Libya at the forefront. He stressed that this has a direct and crucial impact on Libya’s economic future and long-term financial stability