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Libya & Switzerland Discuss Central Bank Crisis & Reconciliation

September 24, 2024
Libya & Switzerland Discuss Central Bank Crisis & Reconciliation
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Chairman of the Foreign Affairs and International Cooperation Committee of the Libyan House of Representatives, Yousef Al-Agouri, held discussions with the Swiss Ambassador, Joseph Renggli, and his accompanying delegation on the latest political developments, the Central Bank of Libya crisis, and the national reconciliation process.

Al-Agouri, according to a statement from the House of Representatives on Tuesday, emphasized the importance of working with the Swiss side on human rights issues. He also highlighted the efforts of the Foreign Affairs Committee in addressing migration, vulnerable groups, and promoting freedoms and citizenship rights in accordance with national laws and principles, as well as advancing the reconciliation process.

Al-Agouri noted the formation of an administrative team within the House of Representatives to focus on human rights issues by reviewing international reports and working with relevant executive bodies to identify institutional needs for capacity-building efforts aimed at enhancing this crucial file.

Libya has been in chaos since a NATO-backed uprising toppled longtime leader Muammar Gaddafi in 2011. The county has for years been split between rival administrations.

Libya’s economy, heavily reliant on oil, has suffered due to the ongoing conflict. The instability has led to fluctuations in oil production and prices, impacting the global oil market and Libya’s economy.

The conflict has led to a significant humanitarian crisis in Libya, with thousands of people killed, and many more displaced. Migrants and refugees using Libya as a transit point to Europe have also faced dire conditions.

The planned elections for December 2021 were delayed due to disagreements over election laws and the eligibility of certain candidates. This delay has raised concerns about the feasibility of a peaceful political transition.

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.

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