Libya’s Financial Roadmap: Preparing for 2024In a crucial meeting, Musa Al-Koni, the esteemed representative of the Presidential Council of Libya, and Saddek Elkaber, the Governor of the Central Bank of Libya, addressed the nation’s financial situation for the current year. The principal focus of their discussion revolved around the methodology for preparing the 2024 budget in collaboration with pertinent authorities. Drive Towards Financial StabilityDuring the meeting, Al-Koni lauded the efforts made towards achieving financial and monetary stability for Libya. Developments in Libya’s Financial SectorThere have been significant developments in Libya’s financial sector, including the US increasing support for diversified energy development in the country and the Central Bank of Kenya partnering with the European Investment Bank to enhance climate action by Kenyan financial institutions. These efforts aim to secure long-term stability and effective management of Libya’s resource wealth, highlighting the international cooperation involved in bolstering Libya’s economic future.

Source: Libya Today December 21, 2023 09:41 UTC