The Governor of the Central Bank of Libya, Al-Siddiq Al-Kabir, and his deputy, Marie Al-Barasi, attended an expanded meeting in London, where they approved eight initiatives aimed at developing financial services to enhance financial inclusion.
The meeting, which was held at the headquarters of the Arab Banking Corporation (Bank ABC), focused on the Central Bank’s strategy for financial inclusion to accelerate electronic payment in partnership with Oliver Wyman.
The eight initiatives include developing financial services for all segments of society through financial technology and digital transformation, instant payments, open banking, developing the national distributor, and preparing controls regulating this field in accordance with best practices.
Al-Kabir stressed the importance of these initiatives in enhancing financial inclusion and facilitating access to financial services, which contribute to overcoming the liquidity problem and achieving economic stability as well as comprehensive development in Libya.
The meeting was attended by members of the Steering Committee of the Financial Inclusion and Digital Transformation Strategy Project, the Board of Directors of Muamalat Company, and representatives of the Arab Banking Corporation and the Arab Financial Services Company (AFS), according to a statement issued by the Central Bank.
