Bangkok central bank chief on global risks
GCCI Governor Naji Muhammad Issa participated in the International Committee on Monetary and Financial Affairs meeting as part of the IMF and World Bank meetings in Bangkok. The discussions addressed the challenges facing the global economy, including energy shocks, supply disruptions, inflationary pressures, rising debt levels, and increased financing costs. The statement also emphasized the importance of central bank independence to enhance credibility and control inflation, with a focus on addressing financial imbalances and capitalizing on the opportunities and challenges presented by artificial intelligence, particularly in digital finance and cybersecurity. The meeting also discussed strengthening financial system stability and risk management, supporting the private sector, and developing monetary policy tools while improving digital risk management, all aimed at supporting the stability of Libya's financial sector amidst political divisions.
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