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Libya’s top economic officials hold meeting in Washington

Hours after the United States stressed the need for transparency and integrity of the National Oil Corporation and Central Bank of Libya, Washington hosted a meeting on Tuesday under the auspices of the US Department of State.

The meeting was attended by high profile figures from Libya and the US, including the assistant secretaries of state and energy from the US, representatives from World Bank and International Monetary Fund, and CBL Governor Al-Siddiq Al-Kabeer, NOC Chairman Mustafa Sanalla, GNA minister of finance Faraj Bumatari and GNA planning minister Al-Taher Al-Jihmi.

The meeting in Washington discussed the need for implementing the quintuple plan that aims at raising oil production between 2020 and 2024, stressing that financial resources for the plan should be provided on time.

The US officials said there must be transparency in publishing data of work by Libyan institutions as the Libyan officials presented data for the ongoing economic and financial statuses as well as the stages of the economic reforms.

These issues were discussed earlier by the deputy head of the UNSMIL for political affairs Stephenie Williams and GNA minister of economy Ali Al-Essawi.

They also talked about the proposed amendments to the government subsidies as well as boosting investment and development projects in Libya.

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