Central Bank Crisis.. UN Mission Regrets Failure to Reach Final Agreement, Al-Sagheer and Al-Shawash Announce Continuation of Consultations

by times news cr

Representatives of the House of Representatives and the High Council of State in the consultations on the Central Bank of Libya crisis, sponsored by the United Nations mission, announced the continuation and expansion of the consultations, to be conducted according to a series of “directives.”

According to a statement issued by the representatives, the “directives” include seeking to agree as soon as possible on temporary arrangements for a specific period to ensure the bank’s operations are carried out until a new governor and board of directors are appointed, and working to name a new governor for the bank within a specific period of time, while giving the appointed governor a period of ten days to choose members of the board of directors.

According to the statement, the representatives of the two councils stressed the importance of establishing standards of transparency, disclosure and good governance in all the bank’s activities, and emphasizing the need to adhere to standards of professionalism, competence, integrity and good conduct in all those who assume responsibilities within the bank.

The representatives of the House of Representatives and the State Council explained at the end of the statement that consultations will continue with the rest of the members of the two councils during the coming days to end the crisis based on the requirements of the political agreement, subsequent agreements, and current Libyan legislation.

For its part, the UN mission expressed its regret that the two parties had not yet reached a final agreement, while at the same time welcoming “the progress made on the principles, standards and deadlines that should regulate the transitional period leading to the appointment of a new governor and board of directors for the Central Bank.”

The mission stressed that all parties must assume their responsibility to address this crisis urgently, as its continuation poses serious risks to the well-being of Libyans and to Libya’s relations with its international partners.

The mission also called on the Libyan parties to give priority to Libya’s supreme interest and remove the Central Bank from the circle of political conflicts.

The mission reiterated that “unilateral decisions taken by all parties” would undermine trust between political and security parties and perpetuate institutional divisions.

Source: Libya Al Ahrar.


2024-09-15 20:00:24

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