Saturday, October 25, 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

Bathily & Al-Kabir Discuss Financial Stability in Libya

May 15, 2023
Share on FacebookShare on Twitter

On Monday, the UN Envoy to Libya and the Head of the United Nations Support Mission in Libya (UNSMIL), Abdoulaye Bathily held a meeting with the Governor of the Central Bank of Libya (CBL) Al-Siddiq Al-Kabir in Tripoli.

In a statement, the CBL said that Bathily and Al-Kabir discussed the central bank’s efforts to “achieve monetary stability and maintain the financial sustainability of the state.”

They also discussed the CBL’s “important role in promoting financial transparency and unifying the country’s central banks,” according to the statement.

The two officials also discussed Libya’s economic and financial situation, and “proposed solutions to improve these conditions, and mitigate their negative impact as much as possible, to amend the exchange rate of the Libyan dinar.”

During the talks, Bathily spoke about the efforts UNSMIL is making with all parties to achieve political stability, and economic growth in Libya.

Notably, the Italian-language news magazine, PANORAMA said that the CBL “for many, has been Libya’s de facto sovereign leader.”

It 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.”

Tags: Abdoulaye BathilyAl Siddiq Al KabircblCentral BanklibyaUN Envoy
Next Post

Bashagha Government: China to Finance Implementation of Libya’s Metro Project

POPULAR CATEGORIES

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

MUST READ

Libya to Reopen Gulf of Sirte International Airport on Saturday

309 Bangladeshi Migrants Repatriated from Libya

Who Can Stop the Bloodshed in Western Libya?

Libya Marks 5th Anniversary of Ceasefire with Peace Initiative

Libya Reconstruction Fund Launches New Infrastructure Project in Derna

Greece Awards Offshore Blocks to Chevron Despite Libya’s Objections

EDITOR PICKS

Libya’s Amazigh Council Welcomes UN Roadmap & Calls for Inclusive National Dialogue

UNICEF: 538,261 Children Receive Polio Vaccine in Libya

Greece Awards Offshore Blocks to Chevron Despite Libya’s Objections

Libya’s NOC Begins Construction on South Libya Refinery

Who Can Stop the Bloodshed in Western Libya?

Libya Reconstruction Fund Launches New Infrastructure Project in Derna

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

© 2024 LR

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

© 2024 LR