The Libyan House of Representatives convened today, Tuesday, in an official session presided over by Speaker Ageela Saleh, with the attendance of First Deputy Speaker Fawzi Al-Nuwairi.
Abdullah Blehaig, the spokesperson for the House of Representatives, reported that the session commenced with an update from the Speaker on his recent meetings over the past few days.
The spokesperson added that the House began deliberations on the agenda item concerning the approval of an additional allocation to the state’s general budget for the year 2024, submitted by the Libyan Government-designate led by Prime Minister Osama Hammad. Following discussions and deliberations on the matter, the session was adjourned to reconvene on Wednesday.
On Saturday, Central Bank of Libya Governor Siddiq Al-Kabir and his deputy, Marai Al-Barasi, discussed steps to adopt a unified budget for 2024 with Speaker of the House of Representatives, Ageela Saleh. This marks the first publicized meeting of its kind in years.
The discussions also covered the latest developments in unifying the central bank, enhancing banking services, and improving electronic payment systems.
Additionally, the meeting addressed a proposal for fuel subsidy management and the laws related to the banking sector.
Ageela Saleh expressed his gratitude for the central bank’s role in maintaining the country’s reserves and financial sustainability, according to a statement from the Central Bank.
Last week, Libya’s Central Bank Governor, Al-Siddik Al-Kabir, participated in a meeting of African central bank governors. The event took place on the sidelines of the annual meeting of the Bank for International Settlements (BIS) at its headquarters in Basel, Switzerland.
According to a statement posted on the Central Bank of Libya’s Facebook page on Monday, the meeting discussed the experiences of global central banks, including those from France, Canada, Europe, Japan, and the United States, in managing inflation.
The meeting also addressed the challenges facing African central banks, emphasising the need for coordination and cooperation among them. Discussions highlighted the role of central banks in maintaining financial stability and the importance of their independence.
