Libya’s Central Bank denies to 218News recommending obtaining a loan from the World Bank

An official source at the Central Bank of Libya denied, in an exclusive statement to 218News, the credibility of the letter circulating on social media regarding the request of the Governor, “Siddiq Al Kabir” from Prime Minister Abdel Hamid Dabaiba, to start negotiations with the World Bank regarding obtaining a loan to facilitate the expenses of the new year.

The source added that the state’s financial position is “good”, in addition to a foreign exchange reserve, which he described as “comfortable” for the executive authorities; without disclosing how much those reserves and funds value.

The same source indicated that Libya does not have any external debt, indicating that the domestic debt reached 150 billion dinars at the end of last year, which had accumulated due to the political division over the past years.

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