BusinessLibya

Finance Minister meets with German ambassador over economic reforms

The Minister of Finance in the Government of National Accord (GNA), Faraj Boumtari, met with the German Ambassador to Libya, Oliver Owcza, at the ministry’s headquarters in Tripoli on Wednesday, in the presence of the deputy finance minister.

The meeting discussed the economic reform measures adopted recently by the GNA and the role of the ministry in achieving balance in the Libyan economy. The ambassador stressed the importance of encouraging the private sector in Libya and reiterated the state institutions in Germany’s support for their Libyan counterparts to ensure the success of these reforms.

Owcza has visited on Tuesday the Tripoli South OCGT Power Plant, in Swani, South Tripoli, accompanied by the Executive Director of the General Electricity Company of Libya (GECOL), Ali Sassi, to follow up the progress of work in the plant.

“Easily taken for granted, [is] in fact the result of hard work and high tech electricity generation at Tripoli power plant. Thanks to GECOL and partners for their tireless efforts in improving basic services to Libyans throughout the country,” Owcza said on Twitter.

Earlier this month, the German ambassador said his country would support the political efforts of the United Nations Support Mission in Libya (UNSMIL) to reach a political solution to the current crisis facing the North African country through its nonpermanent seat in the UN Security Council.

Germany was awarded a nonpermanent seat alongside the five permanent members — the United States, Russia, China, France and the United Kingdom — and nine other nonpermanent members starting from 1 January 2018 and will last for the next two years.

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