Relations between the three institutions have been fractious over the past two years, owing to stand-offs over public spending and funding for NOC.
Ties have been tense between central bank governor Sadiq al-Kabir Sadiq and Government of National Accord (GNA) head Fayez Seraj over monetary policy and fiscal reform, although the bank said last month an economic and financial plan had been agreed on.
“The meeting dealt with the financial arrangements to provide funding to the National Oil Corporation so as to be able to raise production and carry out its tasks and responsibilities in production, exploration, refining and transport of crude oil and petroleum products,” the GNA said.
It added that rising oil output would help “reduce the deficit and help the Central Bank of Libya to take monetary policies to deal with the liquidity crisis and support the Libyan dinar, and stimulate the national economy”.
Libya earns almost all its income from oil production, which has risen about fourfold over the past 18 months to one million barrels per day. Despite the rise in production, Libya is still running a heavy deficit and the NOC has complained in the past that it has only received a fraction of its budget.
Citizens have struggled with inflation, which has risen to more than 30 percent as the Libyan dinar has steadily lost value on the parallel market.
Economic policy has also been obstructed by divisions between rival factions based in Tripoli and eastern Libya.