A delegation of the Tripoli based Libyan government held executive meetings with the World Bank’s Vice President for the Middle East and North Africa, Othman Dion, Qatar Central Bank Governor Sheikh Bandar bin Mohammed bin Saud Al-Thani, and Minister of Finance Ali Al-Kuwari, to discuss mechanisms for practical cooperation in financial and investment files.
The meeting was held as part of a series of meetings held by the Libyan government on the sidelines of the Annual Meetings of the IMF and World Bank held in Washington, D.C. (13 to 18 October).
The Tripoli government said the meeting comes as part of its programme to accelerate the implementation of economic reforms and attract quality investments.
The Tripoli government delegation discussed with the World Bank the activation of financial and institutional reform programmes, the expansion of the non-oil revenue base, and the improvement of the efficiency of public spending, in addition to coordinating the opening of a permanent office of the World Bank in Libya to follow up on the implementation of reform and development projects.
The delegation also discussed with the Qatari side plans to promote joint investments and facilitate investors’ entry into the Libyan market, in line with the Tripoli based Libyan Prime Minister Abd Alhamid Aldabaiba’s aim to diversify the economy and develop the national financial structure.
The Tripoli Libyan government reported that the Qatari and international sides affirmed their support for the practical steps implemented by the government in the path of economic and financial transformation, in order to enhance effective partnerships, support the stability of the national economy and the development of vital sectors.
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