The Libyan economic scene recorded a number of crucial decisions, most notably the meeting of the Board of Directors of the Central Bank in a unified manner and the resulting decisions, especially the amendment and unification of the exchange rate, and the meeting of the city of Brega between the administrations of the Ministry of Finance.
For the first time in six years, the UN mission in Libya held a meeting of the Economic Working Group with the participation of the Acting Special Representative of the Secretary-General of the United Nations in Libya, Stephanie Williams, and representatives of a number of countries in addition to the Governor of the Central Bank of Libya, Siddiq Al-Kabir and Minister of Finance in the Government of National Accord, Faraj Bumtari, and Emraje Ghaith, who is in charge of the Finance Ministry’s work in Benghazi.
During the meeting, the mission and representatives of sovereign institutions agreed to hold an expanded meeting next Monday with officials of the International Monetary Fund and the World Bank to discuss important financial files, particularly, the unified exchange rate and its impact on the local market and the importance of unifying the state’s general budget.
UNSMIL pointed out in a statement that the upcoming meeting will deal with creating a mechanism to ensure the financing of salaries and the health sector, strengthening the infrastructure of the oil corporation and its facilities, and enhancing the role of the electric power sector.
This coincided with UNSMIL’s welcoming of a unified meeting for the management of the Central Bank of Libya, the first in seven years, which helped make progress in the international audit file on the Central Bank of Libya accounts in Benghazi and Tripoli.
