CBL head: Banking sector has a pivotal role to play in the economic track

banking - November 30, 2021

The Governor of the Central Bank of Libya (CBL), Sadek El-Kabeer, has reiterated the crucial role of Libya's banking sector to revive the economy and help implement the investment plan for the next stage.

El-Kabeer said the banks could play a vital role with their financial backing of small and medium enterprises, as he addressed an audience at the Libya International Investment Forum on Sunday.

In order to turn the wheel of the economy, the banking sector should activate leas finance, offer multiple investment opportunities in various sectors, and partner with the government, the CBL head says.

Tripoli hosted Sunday the Libya International Investment Forum (the 19th Conference of Arab Business Owners and Investors) with domestic and foreign entrepreneurs and investors from 15 Arab countries taking part.

Among the chief guests were Deputy Prime Minister Ramadan Abu Jinnah, Assistant Secretary of the Arab League, and President of the Union of Arab Chambers.

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