Guinea Bissau is committed to paying its debts to Libya, and Congo and Serbia promise to fulfill it

Yesterday, Friday, the Minister of Finance of the Government of National Unity, Khaled Al-Mabrouk, discussed with his counterpart in Guinea-Bissau, Elidio Vieira, the settlement of the debt owed to Libya, as the latter affirmed his country’s commitment to paying the debt installments on time.

The two sides discussed opening the door for Libyan investors to invest in the fields of tourism and agriculture in Guinea-Bissau, during the meeting between Al-Mabrouk and Vieira, on the sidelines of the 2024 Spring Meetings of the Bank Group and the International Monetary Fund in the American capital, according to a statement issued by the Ministry of Finance.

The statement did not clarify the size of the debt owed to Libya.

At the conclusion of the meeting, the two sides concluded by confirming that “Guinea Bissau” would pay the installments of the debt owed to the State of Libya on time, and that the Ministry of Finance informed Libyan investors through the Chamber of Commerce and Industry of the possibility of investing in Guinea Bissau.

In a related context, Al-Mabrouk held a meeting with the Minister of Finance of the Republic of Congo-Brazzaville and his accompanying delegation.

The meeting focused on discussing the debt file owed in favor of the State of Libya to the Republic of Congo-Brazzaville, and emphasizing the need for the Republic of Congo-Brazzaville to commit to paying the due installments of the loan on time, after addressing the reasons for the delay in payment of the last three installments due that were not fulfilled.

Guinea Bissau is committed to paying its debts to Libya, and Congo and Serbia promise to fulfill it

The meeting concluded with both parties agreeing to adopt an appropriate mechanism to pay the remaining installments of the debt.

Al-Mabrouk also met with the Deputy Prime Minister and Minister of Finance of the Republic of Serbia, Sinisa Mali, and discussed with him aspects of joint cooperation between the State of Libya and the Republic of Serbia, and issues related to the settlement of the debt owed in favor of the State of Libya to the Republic of Serbia.