Britain welcomed the agreement facilitated by the United Nations Support Mission in Libya to resolve the crisis at the Central Bank of Libya.
The British Embassy said, through its account on the “X” platform, that the Central Bank’s leadership with credibility, accountability, effective governance, and transparency are all necessary to restore the international confidence necessary for Libya’s stability and prosperity.
The United Nations Support Mission in Libya published the text of the agreement of representatives of the House of Representatives and the Supreme Council of State regarding the appointment of the new administration of the Central Bank of Libya, which includes 7 items regarding the procedures for appointing the governor, his deputy, and the bank’s board of directors.
The representative of the House of Representatives, Abdul Hadi Al-Saghir, and the representative of the Supreme Council of State, Abdul Jalil Al-Shawish, signed the agreement today, Thursday, during a ceremony organized at the headquarters of the United Nations Support Mission in Libya in Janzour, west of Tripoli, in the presence of representatives of diplomatic missions accredited to Libya.
The agreement stipulates the nomination of “Naji Muhammad Issa Belkacem” to assume the position of Governor of the Central Bank of Libya, and “Marai Muftah Raheel Al-Barassi” to assume the position of Deputy Governor, provided that their appointment is carried out as stipulated in Article (15) of the Libyan Political Agreement within one week. From the date of signing the agreement, a decision will be issued by the House of Representatives.
The agreement assigns the new governor the task of nominating members of the Board of Directors, in consultation with the legislative authority, within a maximum period of two weeks from the date of assuming his duties, provided that their appointment is carried out in accordance with the applicable Libyan legislation and the criteria detailed in Appendix No. (1) to this agreement, and the membership of the Undersecretary of the Ministry of Finance on the Bank’s Board of Directors remains suspended.
The agreement prohibits the Governor of the Central Bank of Libya and his deputy from exercising any of the powers granted to the Board of Directors in accordance with Article 16 of Law No. 1 of 2005 regarding banks and its amendments in the absence of the Board of Directors, and cancels every decision issued regarding the management of the Central Bank of Libya that conflicts with the Libyan Political Agreement and what is included in this agreement. .
Under this agreement, the United Nations Support Mission in Libya works with all concerned parties to cancel all decisions and procedures that conflict with the implementation of this agreement, which is considered effective after it is signed by representatives of the House of Representatives and the Supreme Council of State.
Stephanie Khoury, Acting Head of the United Nations Mission in Libya, expressed her “thanks to the Libyan parties that contributed to the success of the agreement,” noting that “the consensus focuses on ensuring good governance and the independence of the Central Bank.”
Last updated: September 26, 2024 – 19:41
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2024-09-27 18:36:58