Libya issues letters of credit worth $2 billions to tackle rising...

Libya’s central bank has approved letters of credit for importers worth $2 billion, in an effort to curb “frightening” price increases, the bank said...

10.5 billion dollars; expected deficit in Libya’s 2018 budget.

The Chairman of the Financial Commission at the House of Representatives (HoR) Omar Tantoush said the commission is reviewing two budget options: the first...

Libya considering ways of recovering its outstanding loans to African states.

The Faiez Serraj-led Presidency Council’s Ministry of Finance and the Libyan Foreign Bank (LFB) discussed various ways that Libya can recover ‘‘faltering’’ loans to...

Economy Ministry officials to be investigated on corruption charges.

The National Anti-Corruption Commission (NACC) has referred the Minister of Economy of the Presidential Council, Nasser Al-Dersi, to the Attorney General for investigation on...

US Firms meet with Libya Local Investment & Development Fund (LLIDF).

U.S. Companies meet with Libya Local Investment & Development Fund (LLIDF) to promote Libya’s economy. On March 22, the U.S. Embassy Libya External Office, based...

Finance Minister, LFB Director discuss regaining money loaned to African countries

The Minister of Finance of the Presidential Council's government, Osama Hamad, met Tuesday with the General Director of the Libyan Foreign Bank, Mohammed Bin...

Procedures Taken on 2018 Budget.

The representative of the Presidential Council met the Director of Treasury Department of Ministry of Finance and Director of Information and Documentation Department and...

Meeting held in Tripoli to address Libya’s financial crisis.

The head of the Administrative Control Authority, Nasr Hassan, discussed Thursday with the Governor of the Central Bank of Libya, Al-Siddiq Al-Kabir, a range...

Presidential Council contributes millions of dollars to Libya Stabilization Fund.

Minister of Planning of Presidential Council, Tahir Jahaimi, signed Thursday a $ 5 million contribution to Libya Stabilization Fund. The Deputy Special Representative and Deputy...

Meeting with the Governor of Central Bank of Libya.

The representative of the Presidential Council met the Governor of Central Bank of Libya, Undersecretary of the Ministry of Economy and Industry and the...