PriyaPatelTLDR:
Maltese companies are eager to resume their activities in Libya and participate in various projects, while banks in Malta are ready to work with Libyan banks, according to the Central Bank of Libya (CBL). This sentiment was expressed during a meeting between Malta’s Ambassador to Libya, Charles C. Saliba, and CBL Governor Saddek El-Kaber. The two also discussed the latest developments in the process of unifying the CBL.
Maltese companies and banks are ready to resume work with Libya, according to the Central Bank of Libya (CBL). During a meeting between Malta’s Ambassador to Libya, Charles C. Saliba, and CBL Governor Saddek El-Kaber, it was reported that Maltese companies wish to return to Libya to participate in various projects. The meeting also touched on the latest developments in the process of unifying the CBL.
The resumption of activities by Maltese companies in Libya would be a positive development for both countries. It would provide opportunities for economic growth and job creation in Libya, while also allowing Maltese companies to expand their business and contribute to the development of the Libyan economy.
Banks in Malta are also ready to deal with Libyan banks, indicating a willingness to support economic transactions and facilitate trade between the two countries. This could be especially important for Libya, which is in need of financial assistance and foreign investment to rebuild its economy after years of conflict.
The meeting between Saliba and El-Kaber also focused on the process of unifying the CBL. This process has been ongoing for several years and is seen as a crucial step towards stabilizing Libya’s financial sector. Once the CBL is fully unified, it will be better equipped to implement monetary policy, regulate banks, and support economic growth in the country.
Overall, the willingness of Maltese companies and banks to resume work with Libya is a positive sign for both countries. It demonstrates a desire to strengthen economic ties and contribute to the development and stability of Libya. However, it will be important for both sides to ensure that any business activities are conducted in a transparent and accountable manner to avoid potential issues or conflicts.
