During its visit to the United States last week, a delegation from the Tripoli based Libyan government held a meeting with officials from the U.S. Treasury Department in Washington DC, including Deputy Assistant Secretary of the Treasury Eric Meyer, to discuss several priority financial and economic issues.
The meeting addressed the Libyan-American partnership regarding the implementation and sustainability of the unified national budget, and ways to enhance its efficiency to support financial stability and improve the efficiency of public spending.
Investing UN frozen Libyan assets
The Chairman of the Libyan Investment Authority (LIA) also reviewed the status of Libyan assets abroad and the potential for developing cooperation with U.S. partners and financial institutions to increase returns and improve the management and investment of sovereign assets.
The Tripoli government reported that the two sides discussed the package of economic and financial reforms being implemented by it, aimed at enhancing transparency, improving the business environment, and supporting sustainable economic growth.
The delegation includes the Minister of Transport, Mohamed Al-Shahoubi, the Minister of Oil and Gas, Khalifa Abdel Sadig, the Minister of Economy and Trade, Suhail Abou Shiha, the Head of the Executive Team for PM’s Initiatives and Strategic Projects, Mustafa Al-Mana, the Director General of the National Mining Corporation, Faraj Al-Shandouli, and the Chairman of the LIA, Ali Mahmoud.
