Libya calls for fundamental reforms to the international financial system

by times news cr

During the annual general debate of the Second Committee of the United Nations General Assembly, Libya stressed “the necessity of introducing fundamental reforms to the international financial system and changing the mechanisms of global economic governance.”

In its speech, delivered by Minister Plenipotentiary Intissar Al-Tamzini, Libya stressed “the importance of establishing a more effective mechanism to resolve the debt crisis and provide long-term financing to achieve sustainable development, especially in light of the widening financing gap.” It also called on the countries to which Libyan funds were smuggled to cooperate in uncovering… These funds will be facilitated to be recovered for use in developing service sectors.”

Libya explained “the steps it has taken to reduce the phenomenon of illegal immigration, and also referred to the Trans-Mediterranean Migration Forum that was held in Tripoli in July 2024 with the participation of 28 African and European countries,” stressing “the necessity of focusing on the roots of immigration and its causes by bringing about real development in countries.” of origin with the assistance of destination countries, in addition to confronting the organizations involved in bringing in migrants.”

Regarding the situation in Palestine, Libya strongly condemned the Israeli crimes against the Palestinian people, expressing its “adherence to the principle of accountability and non-impunity.” It also condemned the Israeli aggression on Lebanese territory and called for urgent international intervention to end this aggression and prevent the outbreak of a regional war that would negatively affect development. In the region and the world.”


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