The United Nations Support Mission in Libya (UNSMIL) has welcomed the Libyan House of Representatives’ approval of the candidates for Governor and Deputy Governor of the Central Bank of Libya.
The selection process was conducted in consultation with the High Council of State, in line with Article 15 of the Libyan Political Agreement and the agreement signed by both bodies on 25 September under UN auspices.
In a statement, UNSMIL called on all relevant institutions to withdraw any unilateral decisions made during the Central Bank crisis.
The mission emphasised the urgent need to end the closure of oil fields and stop the disruption of oil production and exports. It also urged the proper channelling of oil revenues through the appropriate institutional framework to the Central Bank.
The House of Representatives, with 108 members in attendance, unanimously approved the nominees in a session held on Monday. Meanwhile, the High Council of State officially endorsed the appointments on 29 September, with a majority of 112 members signing in favour.
UNSMIL called on all parties to ensure a smooth handover to the new leadership of the Central Bank, in accordance with Libya’s legal and procedural frameworks. The mission also encouraged the swift appointment of a credible and professional board of directors as outlined in the 25 September agreement.
The mission stressed that having competent and accountable leadership at the Central Bank, including a board, is crucial for restoring public trust and enhancing the institution’s credibility in the global financial system. This leadership would foster transparency and accountability in managing Libya’s resources.
UNSMIL added that resolving the Central Bank crisis, along with the constructive involvement of the House of Representatives and the High Council of State, renews hope for future progress in a comprehensive political process, which the UN remains committed to supporting, leading towards general elections and long-term stability in Libya.
