The European Union’s Ambassador to Libya, José Antonio Sabadell stressed the need to preserve the unity and independence of Libya’s sovereign economic and financial institutions. He pointed out the EU’s readiness to provide all technical assistance for reunification.
This came after he met with the Deputy Governor of the Central Bank of Libya (CBL), Ali Al-Hibri in Benghazi. They discussed the issue of unifying the central bank, with the help of the international financial auditing company, Deloitte. In addition to the problems facing the bank, including liquidity management, bank balances, bank clearing, and public debt.
Al-Hibri stressed the need to hold a meeting of CBL’s Board of Directors as soon as possible, after reviewing the financial and economic situation of the state. This is to discuss the most pressing issues, and ways to find short and long-term solutions.
Last month, the Spokesman for the European Union in the Middle East and North Africa, Luis Miguel Bueno stressed the need to hold inclusive and credible elections in Libya.
Bueno confirmed that the EU provided support to the country’s High National Election Commission (HNEC), to hold the long-awaited elections as soon as possible.
“Libya has an opportunity to build a stable and prosperous future, and we are ready to provide the necessary support at this critical stage,” he added.
As well as stressing the need to strengthen dialogue, “as it is a necessary basis for building an effective roadmap, in order to maintain stability and unity, and move towards elections in the near future.”
Bueno pointed out that November’s Paris Conference on Libya, showed that there was a clear consensus on holding Presidential and Parliamentary elections, and unifying political institutions. He emphasised the need to consolidate this great progress.