Tripoli, March 17, 2022 (LANA) – The co-chairs of the Economic Working Group of the International Follow-up Committee on Libya stressed the need to continue the independence of sovereign institutions such as the Central Bank of Libya and the National Oil Corporation.
This came in a statement published by the UN mission in a statement on its Facebook page, following their meeting today, Thursday, with the Governor of the Central Bank of Libya, Siddiq Al-Kabeer, and a representative of the Deputy Governor of the Central Bank of Libya, Ali Al-Hibri.
The presidents urged the Libyan authorities to ensure that the National Oil Corporation is provided with adequate resources to boost production, amid rising oil prices, for the sake of Libya’s stability, and stressed the need for transparency in government spending to ensure it is well managed for the benefit of the Libyan people.
In its statement, the UN mission said that the meeting discussed the progress made in efforts to reunify the Central Bank of Libya and continue to secure basic spending for the priority needs of the Libyan people.
The UNSMIL added that Al-Siddiq Al-Kabeer and the Deputy Governor’s advisor briefed the co-chairs on the status of the work streams that constitute the reunification plan, which the Central Bank of Libya worked on, with the support of Deloitte Company.
Referred to as the Economic Working Group of the International Follow-up Committee on Libya, which includes the European Union, Egypt, the United States and the United Nations Support Mission in Libya.
Source: Libyan News Agency
