Member of the Libyan House of Representatives, Abdel-Moneim Al-Arfi, announced that the parliament is set to approve the appointment of a new Central Bank Governor during its upcoming session on Monday.
In a press statement, Al-Arfi confirmed that the parliament will also ratify the agreement regarding the new Central Bank management board. He further stated that, in his capacity as a member of the Sovereign Positions Committee, he will push for a review of the appointments for the seven other sovereign positions.
This session is expected to be a significant step toward addressing the management of Libya’s key financial institutions, as the country continues to navigate its political and economic challenges.
On Thursday, Libya’s political leaders signed a crucial UN-backed agreement aimed at resolving the long-standing crisis at the Central Bank of Libya.
The deal, signed at the UN Support Mission in Libya (UNSMIL) headquarters, sets out a clear plan for appointing new leadership at the bank and restructuring its board of directors. This move is seen as a critical step in restoring stability to Libya’s financial system, which has been deeply affected by years of political fragmentation.
