The United Nations Support Mission in Libya welcomed the appointment of the Board of Directors of the Central Bank of Libya pursuant to Decree No. 17 of 2024, issued by the Presidency of the House of Representatives.
The mission said in a statement: “This appointment represents an important step in implementing the terms of the Central Bank of Libya agreement that was reached last September 26, facilitated by the United Nations Support Mission in Libya.” It is also necessary to ensure that the Central Bank of Libya operates with independence, integrity, transparency and accountability in parallel with its effective management of monetary policy and its contribution to supporting the country’s economic stability.”
The statement added: “The United Nations Support Mission in Libya encourages the new leadership of the bank to continue efforts to achieve tangible progress on the reunification of the Central Bank of Libya, and to implement further measures to strengthen its governance, including avoiding conflicts of interest.” The mission also encourages the adoption of sound policies to ensure financial and economic stability in Libya, based on the recommendations issued by the international financial review of the Central Bank of Libya facilitated by the mission, and the Article IV consultations with the International Monetary Fund.”
The mission recalls “the necessity of fortifying the Central Bank of Libya against political interference in order to maintain its credibility within the international financial system and enable it to effectively carry out its essential role in the Libyan economy.”
Yesterday, the Presidency of the House of Representatives issued Resolution No. (17) of 2024 regarding the appointment of members of the Board of Directors of the Central Bank of Libya.
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