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Egypt & Libya Discuss Economic Cooperation

June 23, 2023
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The Governor of the Central Bank of Libya (CBL) , Siddiq Al-Kabir held a meeting with his Egyptian counterpart, Hassan Abdallah in Cairo on Thursday.

According to a statement from the Central Bank, the meeting was also attended by Mustafa Al-Manea, Al-Kabir’s advisor, Rami Abu Al-Naga, Deputy Governor of the Central Bank of Egypt (CBE), and Mohamed Abu Musa, Deputy Governor of the CBE.

During the meeting, the officials discussed various issues of mutual interest. Topics under discussion included potential training and development initiatives, experience sharing, and the issue of banking transfers for Egyptian workers in Libya.

The meeting also touched on global economic conditions, according to a statement from the CBL.

On Monday, the Egyptian Parliament Speaker, Hanafi Jabali affirmed the need to hold Presidential and Parliamentary elections in Libya, away from foreign interference.

In his speech to the Libyan Parliament in Benghazi, Jabali said that Egypt “supports all settlement efforts and hosting meetings between the Parliament and the High Council of State (HCS) to support the political agreement.”

The Egyptian Speaker called on the Libyan political parties to “give priority to the Libyan interest over differences.” He confirmed Cairo’s support for “anything that helps the stability, unity, and safety of the Libyan State, and to hold simultaneous Presidential and Parliamentary elections as soon as possible.”

He pointed out that the agreement of the two Libyan chambers to set a constitutional rule represents a “starting point” towards building Libyan institutions.

The Libyan Parliament Speaker, Ageela Saleh, his two deputies and several MP’s participated in the session. While the Egyptian delegation included the Speaker and Chairpersons of Parliamentary committees.

The Egyptian delegation is set to “sign a cooperation protocol to consolidate bilateral relations between the two brotherly countries and enhance parliamentary cooperation.”

Tags: Central BankEgyptlibya
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