Abu Bakr Al-Jafal, Undersecretary of the Tripoli based Libyan Ministry of Finance, participated in a meeting in Bangkok, Thailand, bringing together finance ministers and central bank governors from the MENAP region with the Managing Director of the International Monetary Fund (IMF) to discuss the repercussions of regional conflict on the region's economies.
During the meeting, Al-Jafal outlined the specific economic situation in Libya amidst political challenges and institutional division.
He emphasized that the government's priorities centre on:
- Economic stability
- Enhancing resource management efficiency
- Reforming the subsidy system,
- Strengthening cooperation with international institutions to build capacity and diversify revenue sources.