Libya central bank governor meets economy minister
Fawzi Abu Khazam and Suhail Abu Shiha discussed preparing an import budget and boosting institutional coordination.
Central Bank of Libya Governor Fawzi Abu Khazam met with Economy and Trade Minister Suhail Abu Shiha yesterday. The meeting focused on preparing an import budget using scientific and realistic criteria. This aims to meet local market needs and rationalize foreign currency spending.
Both officials explored ways to enhance cooperation between their institutions. They agreed to exchange economic data and statistics to improve decision-making accuracy. The Central Bank of Libya stated this meeting is part of an effort to foster integration and unify authorities' actions.
This initiative seeks to contribute to economic stability and better resource management within Libya. The preparation of the import budget will ensure Libyan citizens' needs are met.