The Central Bank of Libya CBL announced the approval of the financial budget worth 42.5 billion dinars.

The CBL said in a press statement that the approval of the budget was made during a meeting held at the Central Bank of Libya on Wednesday morning between the governor, Sadiq Kabir and the Vice-Chairman of the Presidential Council, Fathi Majbri and also in the presence of the Minister of Finance and a number of officials.

The statement added that the meeting led to the agreement to approve the financial arrangements for the fiscal year 2018, worth (42,511,430,000).

The CBL confirmed that during the meeting it was agreed to approve a mechanism to follow up the implementation of these arrangements to help reach the target set for it.

Economy