The US Department of the Treasury has provided recommendations for how to govern spending on Hurricane Daniel reconstruction in collaboration with the World Bank. They’ve also briefed on the progress made in unifying the Central Bank of Libya (CBL), with the United States expressing support for this unification effort.
The US Treasury is backing the role of the Supreme Financial Committee to ensure transparency, disclosure, and equitable distribution of development funds. They’re actively involved in combating money laundering and terrorist financing.
Additionally, they discussed the program to review countries’ contribution quotas in the International Monetary Fund (IMF) and financial transaction controls for international non-profit organizations.
These topics were on the agenda during the meeting between H.E. Saddek Elkaber, Governor of the Central Bank of Libya, and his team, and Mr. Eric Meyer, Deputy Assistant Secretary of the Treasury for Africa and the Middle East in the USA.
This meeting took place today, Tuesday, October 10, 2023, in Marrakesh, Kingdom of Morocco.