Libya's CBL governor vows to break economic stalemate, pushes for reform

Libya's CBL governor vows to break economic stalemate, pushes for reform

February 01, 2018 - 21:32
Posted in:
Written by: AbdulkaderAssad

Photo: CBL website

The governor of the Central Bank of Libya (CBL) Al-Siddiq Al-Kabeer said Thursday that he is going to pursue with economic and financial reforms in Libya, urging official parties to end the current hindrances, especially the political fragmentation.

Al-Kabeer said in a workshop on economic and financial reform, which is organized by Economy and Commerce in Mergeb University in Al-Khums, that the CBL devised a plan of different reforms and policies in coordination with the Presidential Council in order to tackle the ailing economy in the country.

"Libya's revenue remarkably increased in 2017 reaching 13 billion dollars. We look forward to using the expertise of teaching staff and the youths in different Libyan universities and elsewhere to help save Libya's economy." Al-Kabeer explained.

"I hope 2018 will see the actual launch of economic and finical reform." He added.

The workshop was attended by a number of ministers, High Council of State and House of Representatives' members, in addition to deans of faculties and teaching staff.

The workshop contained three topics to be tackled with a final statement inclusive of recommendations on how to kick off and carry on the outlined economic and financial reforms.