UNSMIL Reviews Libya’s Economic Reform Roadmap

0
174

On Friday the United Nations Support Mission in Libya (UNSMIL) announced that it convened the third meeting of the Libyan Economic Dialogue. The meeting, held yesterday, was chaired by Acting Head of UNSMIL, Stephanie Williams.

It brought together 29 Libyan economic experts, along with representatives from the UNDP and the World Bank. “The meeting aimed to discuss the progress in the economic track and to review the policy roadmap developed as part of the Berlin process,” UNSMIL said in a statement. “This meeting was made possible by creating three hubs, in Tripoli, Benghazi and Sebha,” the statement noted.

During the meeting, UNSMIL updated participants on the political process, as well as on the ongoing economic reform efforts, including the audit of the two branches of the Central Bank of Libya (CBL). They also discussed efforts required to address the deepening of the banking crisis, vital services, decentralisation, and needs arising from the COVID-19 pandemic.

The participants agreed to meet more regularly to exchange information, and develop a more integrated response to Libya’s economic challenges.