Fiscal Year 2027
Capacity Development Activities
Financial Supervision and Regulation
Enhancement of Shariah and Corporate Governance Supervision (May 17-21)
METAC supported the Central Bank of Libya (CBL) in strengthening supervisory approaches to corporate governance and Sharīʿah governance, while identifying key areas for further development. It focused on (i) reviewing the existing regulatory and supervisory framework, (ii) benchmarking against international standards (primarily IFSB 30 and 31), and (iii) developing a practical supervisory evaluation matrix. The mission was delivered through a structured five-day program combining presentations, gap analysis exercises, and hands-on development of supervisory tools. These activities contributed to a shared understanding among CBL supervisors of international good practices and supported agreement on the need to transition from descriptive compliance-based reviews to a more structured, forward-looking, risk-based supervisory approach.
Risk‑Based Banking Supervision/Development of Risk Matrix (July 26-30)
METAC assisted the Central Bank of Libya (CBL) in developing and operationalizing a risk assessment framework and supervisory risk matrix as a key component of its transition toward a more forward-looking risk-based supervision (RBS) approach. The mission supported the CBL in strengthening supervisory methodologies by introducing practical approaches for identifying, assessing, and rating risks at both the individual bank and sectoral levels, while enhancing the linkages between risk assessment, supervisory planning, and supervisory actions.
Revenue Administration
Review of functioning of core revenue administration processes (June 8-25)
A diagnostic mission in February 2026 found that the Libyan Customs Authority (LCA) had adopted a 2026–2029 Strategic Plan, but lacked an implementation framework, detailed action plan, clear responsibilities, and measurable key performance indicators (KPIs), limiting effective monitoring and execution. This hybrid CD activity supported the translation of the strategy into an actionable and monitorable reform program, delivered through one week of remote technical work to develop draft action plan and KPI elements, followed by a one‑week in‑person offsite workshop to validate and finalize outputs with LCA managers, ensuring both technical rigor and ownership.
Strengthening Operational Planning (April 29 - May 15)
METAC supported the Libyan Tax Administration (LTA) in strengthening operational planning and monitoring to advance the implementation of its strategic plan. A pilot-based approach was adopted, centered on the launch of the Large Taxpayer Office (LTO) in Tripoli and ongoing digitalization reforms. The mission introduced practical approaches to operational planning across filing, payment, and taxpayer services for the LTO, enabling the LTA to translate strategic objectives into structured activities, resource requirements, and measurable outcomes. This represents an important step toward establishing a more results-oriented approach to implementation, with the LTO serving as a platform for testing and scaling modern administrative practices.
Real Sector Statistics
National Accounts - Development of Supply and Use Tables (May 31-June 11)
METAC assisted the Ministry of Planning (MoP) and the Bureau of Statistics and Census (BSC) in the development of supply and use tables (SUTs) for 2022 to support the rebase of national accounts. Significant progress was made in compiling the new 2022 benchmark using the SUTs framework, and the tables remain expected to be finalized in the first half of 2027.
Libya-STARE-Real Sector (July 26-30)
METAC assisted the Bureau of Statistics and Census for Libya (BSCL) with the compilation of producer price indices (PPI) in accordance with international statistical standards, including the update of weights, the review of the sample, the specifications of the products and the treatment of missing prices.
