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


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.