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    Audit Bureau, Libya's ACA sign oversight cooperation agreement

    November 25, 2022
    finance & economy

    Amman, Nov. 24 (Petra)- Jordan's Audit Bureau on Thursday signed a cooperation memorandum of understanding (MoU) in the administrative oversight field with Administrative Control Authority (ACA) of Libya.

    The memo was signed by the bureau's acting head, Ibrahim Majali, and ACA's chairman, Suleiman Shanti, in the presence of Libyan ambassador to Jordan, Abdul Basit al-Badri.

    The MoU articles shall take force for a 3-year period within the framework of exchanging expertise, professional consultations, training courses, visits, meetings, and information to review work mechanisms of common interest, which would serve the two countries' monitoring efforts.

    Under the MoU, the two bodies will also cooperate in assessing joint investment projects between the two countries and coordinate in international and regional forums of mutual concern.

    The two sides also agreed to form a joint working group, comprising a group of experts and technicians in the oversight work field.

    Speaking at the signing ceremony, Majali lauded Jordan's 'brotherly' ties with Libya, adding that the MoU aims to serve joint cooperation and 'best strategic' partnership.

    Majali noted the two sides, within MoU, will work on joint cooperation and launch an action base in the areas of training, capacity-building development and remove obstacles, which impede realizing common goals in various frameworks, especially in administrative oversight field.

    For his part, Shanti reviewed ACA's work mechanism and the legislation governing its operations, stressing the MoU's importance and the keenness to activate its articles on exchanging expertise and training.

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