GNA Meets to Release Frozen Libyan Oil Revenues


The Prime Minister of the Government of National Accord, Fayez Al-Sarraj, held a meeting with the heads of the High Council of State (HCS), the National Oil Corporation (NOC), the Central Bank of Libya (CBL), the Supreme Judicial Council (SJC), the Administrative Control Authority and the Ministry of Finance. During the meeting, they discussed the repercussions and implications of the freezing of oil revenues.

The attendees agreed on activating a joint committee, which includes the Audit Bureau, the Ministry of Finance, the CBL and representatives of the eastern-based Ministry of Finance in order to coordinate matters related to public finance.

They welcomed the holding of an upcoming meeting of the CBL’s Board of Directors. They also demanded that a spirit of responsibility be put in place to find urgent solutions to the problems facing the national economy.

The meeting touched on the mechanisms to lift the existing freezing of revenues and return operations to normal. The participants emphasized the activation of monitoring mechanisms, and their commitment to transparency standards.

The attendees urged members of the Libyan Political Dialogue Forum (LPDF), members of the Libyan Parliament, and the High Council of State to take the interests of the country into account. They stressed the need to hasten a solution that serves the interests of the country and ends its state of division. This is in preparation for upcoming elections by the end of 2021 so that the Libyan people may choose their future.