On Saturday, Libya’s Finance Minister of the Government of National Unity (GNU) Khaled Al-Mabrouk, held a crucial meeting with Sinisa Mali, Deputy Prime Minister and Finance Minister of Serbia, in Washington D.C.
This meeting, a focal point in the ongoing negotiations between the two nations, was primarily aimed at resolving the longstanding debts that Serbia owes to Libya, a financial dispute that has lingered and affected bilateral relations for years.
The discussions revolved around the intricate details of Serbia’s financial obligations to Libya, with both sides exploring viable solutions to settle these debts comprehensively. Beyond the financial negotiations, the meeting also served as a platform to enhance bilateral ties and discuss potential cooperation across various sectors that could benefit both countries in the future.
At the conclusion of their discussion, the ministers agreed to proceed with a more detailed evaluation by convening a follow-up meeting involving expert teams from both countries. This next step is intended to formulate a final agreement on the debt settlement, aiming for a resolution that not only addresses the financial issues but also strengthens the economic and diplomatic relations between Serbia and Libya.
The initiative to resolve these debts is seen as a significant move towards improving Serbian-Libyan relations, demonstrating a mutual commitment to fostering a stronger, more cooperative partnership. This financial diplomacy highlights the potential for a rejuvenated positive dynamic between the two nations, aiming for enhanced stability and prosperity for both parties in the near future.
Libya has been grappling with political instability and conflict since the 2011 overthrow of Moammar Gaddafi.
Despite the ceasefire, security remains a significant concern with sporadic fighting and the presence of mercenaries and foreign fighters. The unification of the military and the removal of foreign forces are crucial challenges.
