Libyan Central Bank Approves Eight Initiatives to Bolster Financial Inclusion

Source: The Libya Observer

The Governor of the Central Bank of Libya, Al-Siddiq Al-Kabir, and his deputy, Marie Al-Barasi, attended an expanded meeting in London, where they approved eight initiatives aimed at developing financial services to enhance financial inclusion.

The meeting, which was held at the headquarters of the Arab Banking Corporation (Bank ABC), focused on the Central Bank’s strategy for financial inclusion to accelerate electronic payment in partnership with Oliver Wyman.

The eight initiatives include developing financial services for all segments of society through financial technology and digital transformation, instant payments, open banking, developing the national distributor, and preparing controls regulating this field in accordance with best practices.