The Financial Institutions and Technical Cooperation Department is
responsible for the following:
- Proposing and implementing technical cooperation projects with
international organizations and agencies to achieve the preparation and implementation of development plans and programs in
coordination with the relevant authorities.
- Suggesting ways to benefit from the technical assistance and work
related to the Ministry of Finance provided by international
organizations.
- Studying draft agreements to be concluded in the areas of technical
cooperation with countries and regional and international
organizations and following up on their implementation.
- Preparing research and studies for internal lending policies in the light
of local and international financial developments, in coordination with
the relevant authorities.
- Studying and analyzing requests for lending to some countries from
State of Libya in coordination with the competent authorities to ensure
the availability of the necessary guarantees for repayment and to
participate in the preparation of draft loan agreements in coordination
with the relevant authorities and to follow up on the loans collection.
- Take the necessary measures in order to collect the installments and
interests of the loans granted on time, in accordance with the
respective agreements, match them, submit a periodical thereto, and
keep the official documents related to the lending agreements and
debt clearances.
- Coordination with the relevant authorities in listing all loans granted by
public authorities, following up on data and information related to them, and all existing debts of the State and on it, and taking the
necessary measures to match them.
- Carrying out the procedures for collecting and paying the outstanding
debts, matching the documents related to them with those concerned,
and counting them and classifying them in the records in coordination
with the competent authorities.
- Studying periodic reports received from regional and international
financial institutions and referring them to the relevant authorities,
accompanied by the opinion of the Department in this regard.
- Maintaining old debt files of foreign companies that carried out
business in Libya during the previous periods, and working to take the
necessary measures to settle them.
- Preparing periodic reports on the workflow of the Department and
referring them to the competent authorities in the Ministry.