USAID conducts workshops with CBL to help in Annual Monetary Plan 2022

The U.S. Embassy Tripoli revealed yesterday that in March this year, USAID conducted several workshops with the Central Bank of Libya to help refine the Annual Monetary Plan for 2022.

The plan, it added, is helping the Central Bank implement a monetary policy framework focused on promoting macroeconomic stability and reducing inflationary pressures.

Additionally, USAID initiated 30 training sessions for Central Bank staff – including inspectors, evaluators, economists, and anti-money laundering experts – on banking supervision and risk management.

The embassy said that by working with the Central Bank to restore trust in Libya’s banking system, USAID is supporting a return to formal financial transactions that can encourage entrepreneurship, savings, commerce, and stimulate job growth.