On September 21, 2026, the Central Bank of Libya, led by Governor Najy Issa, participated in the second meeting of the National Committee for Organizing and Coordinating the Use of International Support. The committee, formed by a decision of the Prime Minister, aims to enhance the management of international support. During the meeting, the potential for a unified electronic system and national database was discussed to document and track international grants, programs, and projects.
The proposed system seeks to provide accurate and up-to-date data, promoting transparency and good governance. The committee, chaired by the Minister of State for the Prime Minister and Cabinet Affairs, Mohamed Omar Ben Ghalboun, focused on mechanisms to activate the committee's work. This includes establishing a framework for coordinating between national entities and unifying efforts related to international support programs and projects.
The meeting addressed the role of the proposed national database in monitoring the implementation of international support programs and measuring their outcomes and impact. The database aims to provide updated information to improve the management of these programs. Governor Issa emphasized the bank's support for the committee's work and its readiness to contribute to the implementation of its tasks within its mandate.
The Central Bank of Libya highlighted the importance of developing a national mechanism for coordinating between concerned parties. This includes linking international support to the state's actual priorities and plans for reform and development. The bank's participation in the committee's work reflects its commitment to enhancing the management of international cooperation and support on more efficient and transparent foundations.
The meeting is part of efforts to develop the management of Libya's cooperation and international support file. The goal is to strengthen coordination between state institutions and international partners, supporting development priorities and economic and financial stability. The committee's work aims to reduce duplication and overlap of competencies while maintaining the confidentiality and privacy of certain sovereign information and data.
The International Monetary Fund has pledged to provide technical assistance to the Central Bank and the Ministry of Planning. This assistance will support the development of a unified national database and enhance the management of international support. The collaboration aims to improve the efficiency and effectiveness of international support programs in Libya.
The Central Bank of Libya's initiative to explore a unified electronic system for international support reflects the country's efforts to enhance transparency and good governance. The proposed system and national database will play a crucial role in monitoring and evaluating the impact of international support programs. This development is expected to improve the management of these programs and contribute to Libya's economic and financial stability.
Key points
- The Central Bank of Libya is exploring a unified electronic system and national database to document and track international grants, programs, and projects.
