Financial database fundamental to building stability in Libya’s economy: CBL Beida report (1/2)

By Sami Zaptia.

London, 22 July 2020:

The Financial Stability Unit of Libya’s eastern-based Central Bank of Libya yesterday released its annual report for 2017.

The (eastern) CBL is serious about building a database and integrated indicators for the financial sector in support of assessing the country’s economic and financial performance, eastern CBL ‘‘Governor’’ Ali Hibri said in the introduction of the report.

He said that the CBL wants to propose policies that will mitigate the cyclical shocks in crude oil prices, which is currently Libya’s overwhelming source of revenues.

Hibri explained . . .

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