Tuesday, October 14, 2025
LibyaReview
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion
No Result
View All Result
LibyaReview
No Result
View All Result
Home Libya

Libyan Parliament Warns Central Bank of Failure to Finance New Government

June 3, 2022
Share on FacebookShare on Twitter

On Thursday, Ageela Saleh’s media adviser, Fathi Al-Marimi claimed that the new Libyan government will be funded by the Central Bank of Libya (CBL).

In press statements, Al-Marimi stressed that if the Tripoli-based CBL refuses to finance the government headed by Fathi Bashagha, it would be “under the penalty of law for violating the country’s constitutional declaration, and the current laws in force.”

Notably, the CBL’s Governor, Al-Siddiq Al-Kabeer failed to attend Tuesday’s meeting called by Saleh, in Sirte. This was to discuss the draft 2022 budget proposed by Bashagha.

No one from the CBL’s Board of Directors, the Control Authority Administrative Board, the Audit Bureau, the Board of Directors of the National Oil Corporation (NOC), and the Anti-Corruption Authority made it to the Sirte meeting.

Bashagha was elected in February to replace incumbent PM, Abdel-Hamid Dbaiba, who has refused to surrender power.

During the Sirte meeting, Saleh indicated that the CBL is “not allowed to disburse funds without a general budget law,” and called for “guaranteeing the distribution of state revenues in a fair and transparent manner.”

“The Central Bank should be managed by the Board of Directors, in accordance with the law. The Governor alone should not be able to manage the bank, as this is considered an invalid act that may amount to an abuse of power,” he added.

The Speaker also called on the CBL to complete unification efforts, in order to “enhance and respect national sovereign decisions, and to help achieve the principles of transparency and good governance.”

Despite the appointment of Bashaga in February, the Central Bank has continued to support Dbaiba’s Government of National Unity (GNU).

  • Libyan Parliament’s Energy Committee Stresses Need to Assign New Board to the NOC
  • Libyan MPs Ask Attorney General to Assign Team to Investigate CBL Management
  • Libyan Oil Minister Requests NOC’s Board of Directors be Changed
  • Libya’s Central Bank Denies UK’s Accounts Were Frozen
  • Central Bank of Libya Official Resigns
Tags: Ageela SalehCentral BanklibyaLibyan Central BankLibyan parliament
Next Post

Libya Discusses Return of Japanese Companies

POPULAR CATEGORIES

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

MUST READ

Child Killed & Several Injured as Shells Hit Al Zawiya Neighborhood

Libya & AFRICOM Hold Talks to Strengthen Military Cooperation

Libya’s Electoral Commission Resumes Municipal Elections

NGOs Condemn New Libyan Coastguard Attack in Mediterranean

Belgassem Haftar Inspects Progress at Libya’s Benina International Airport

Libyan Official: Europe Wants to Turn Libya into a Migrant Base

EDITOR PICKS

Benghazi Prepares for Major International Book Fair

Russia Reaffirms Support for Libyan Stability

Libya & AFRICOM Hold Talks to Strengthen Military Cooperation

Human Rights Watch Slams Italy-Libya Migration Pact

Libyan PM Accuses Europe of Ignoring Real Stability Efforts in Libya

Child Killed & Several Injured as Shells Hit Al Zawiya Neighborhood

  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR

No Result
View All Result
  • Home
  • Libya
  • Economy
  • Sport
  • Politics
  • Entertainment
  • Opinion

© 2024 LR