The House of Representatives voted unanimously, in the presence of 108 deputies, to appoint Naji Belkacem Issa as Governor of the Central Bank of Libya and Marai Muftah Al-Barassi as Deputy Governor, to form the bank’s board of directors within 10 days.
The Speaker of the House of Representatives confirmed, “The presence of 108 deputies out of 158 deputies at the Council’s headquarters, as it was unanimously voted to appoint “Al-Naji Muhammad Issa” as Governor of the Central Bank of Libya and “Marai Muftah Al-Barasi” as Deputy Governor, provided that the bank’s board of directors is formed within 10 days.”
The Speaker of the House of Representatives said: “The Central Bank crisis that was created by the Presidential Council was dealt with by the House of Representatives and the State Council with all wisdom, flexibility, ability, and consideration of the interests of the nation and the citizen without any other considerations. A governor and a deputy governor were agreed upon.”
He appreciated “the position of the members of the State Council who approved the agreement and 112 of them signed it, saluting them for this position for the sake of the nation and the comfort of the citizen. He also appreciated the efforts of all the countries that supported the agreement, and the efforts of the United Nations mission that it made in order for the two councils to reach an agreement.”
The official spokesman for the House of Representatives, Abdullah Balihaq, said, “The House of Representatives session today, Monday, has moved to a closed session.”
Representatives of the House of Representatives and the Supreme Council of State had agreed to appoint the new management of the Central Bank of 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 its signing by representatives of the House of Representatives and the Supreme Council of State.
Last updated: October 1, 2024 – 10:10
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2024-10-02 00:27:41