The European Union, also as co-chair of the Economic Working Group of the International Follow-up Committee on Libya, welcomed the recent unification of the Central Bank of Libya (CBL).
In a statement, the EU commended the commitment of the CBL’s leadership in addressing the consequences of nearly a decade of division within this critical financial institution.
The EU said the reunification “is a crucial step towards a united, stable, and prosperous Libya.
It is now up to all parties concerned to build on this achievement to successfully conclude the ongoing UN-mediated talks.”
These talks aimed at identifying a Libyan-led, Libyan-owned, inclusive and sustainable political solution for the country, through national elections.
Notably, the EU Ambassador to Libya, Jose Sabadell expressed his satisfaction with the reunification as a step in the right direction towards Libyan unity.
In a tweet, he stated, “Political and technical work must follow to ensure transparency and fair distribution of oil revenues among all Libyans as a basis for the peace and prosperity that Libya deserves.”
On Sunday, Al-Siddiq Al-Kabir and Marai Rahil announced the return of the bank as a “unified sovereign institution,” affirming their commitment to addressing the consequences of the division over the past nine years.
During a meeting that included department directors and advisers of the CBL branches in Tripoli and Benghazi, they emphasized their ongoing efforts to address the impacts resulting from previous divisions.
Libyan leaders also praised the announcement of the reunification of the Central Bank.
The Head of the Presidential Council, Mohamed Al-Mnifi, the Prime Minister of the Government of National Unity, Abdel-Hamid Dbaiba the Speaker of the Libyan Parliament, Ageela Saleh, and the Prime Minister-designate, Osama Hammad, all welcomed the step.
For its part, the United Nations Support Mission in Libya (UNSMIL), also praised the governors for their actions in pursuing the declared measures to complete the reunification of the bank.
