Friday, July 11, 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

Report: Libyan Central Bank Governor Is Libya’s “de facto” Leader

March 26, 2023
Share on FacebookShare on Twitter

The Italian-language news magazine, PANORAMA said that the Governor of the Central Bank of Libya (CBL), Al-Siddiq Al-Kabir, “for many, has been Libya’s de facto sovereign leader.”

In a report, PANORAMA added that Al-Kabir “is the last pillar holding the complex and highly conflictual reality up, which is otherwise doomed to definitive collapse.”

The report said that he was “a point of reference for the International Monetary Fund (IMF), as well as for foreign governments and their compatriots but always remained in the shadows. “

According to the Italian newspaper, he “meets the French delegations, who say they are ready to resume their economic activities in Libya.”

Al-Kabir reportedly views Italy as the one “to tie up the threads between the chambers of commerce, that operate between the two shores of the Mediterranean.”

According to PANORAMA, the Governor “flies to Washington to have lunch with the Heads of the IMF. He holds riverside meetings on the Libyan state budget, and helps to decide public spending priorities for the 2023 financial year.”

Last month, Italian Strategic Expert, Danielle Roventini, said that Al-Kabir, informed Prime Minister Abdel-Hamid Dbaiba, that CBL funds will not be “enough.”

According to the Italian expert, Al-Kabir said that “the current funds now are only enough to pay the salaries of civil servants.”

In press statements to the Libyan economic newspaper Sada, Roventini added that “this is a bad sign indicating the deterioration of the economic situation, which may lead to more social tensions in the country.”

He noted that the Libyan state currently employs more than two-thirds of the working-age population. As well as pointing out that Dbaiba’s government has little legitimacy, and does not control the east or south of the country.

Tags: Al Siddiq al KabeercblCentral Bank Governorlibya
Next Post

Armed Clashes Erupt in Libyan Capital

POPULAR CATEGORIES

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

MUST READ

Libya Signs Military Cooperation Agreement With Turkey

Attorney General Orders Arrest of 172 Libyan Security Officers for Torture & Murder

UN Calls for Withdrawal of Armed Forces From Libyan Capital

Greece & Italy Blame EU Commission for Libya Visit Collapse

Libya Faces New Crisis as Rival Forces Mobilize in Tripoli

400 Firms Compete for Libya’s Oil Contracts

EDITOR PICKS

Libya’s National Army Expands Anti-Smuggling Campaign in Southern Region

Libya’s Prosecutor Reports 461 Inmates Escape Amid Tripoli Clashes

Libya Signs Military Cooperation Agreement With Turkey

NOC Chief: Libya Open for Global Energy Investment

IOM: 397 Migrants Intercepted & Returned to Libya

400 Firms Compete for Libya’s Oil Contracts

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

© 2024 LR

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

© 2024 LR