The United States, Egypt, France, Germany, Italy, Qatar, Saudi Arabia, Turkey, the United Arab Emirates, and the United Kingdom have welcomed the signing of Libya’s unified 2026 budget on April 11, describing it as the first national Libyan budget in more than a decade and an important step toward strengthening economic coordination between leaders in eastern and western Libya.
In a joint statement, the governments praised the constructive approach that led to the agreement, saying the unified budget could help support unity, stability, and economic recovery in Libya. They said full implementation of the budget would strengthen Libya’s financial stability, help protect the value of the dinar, preserve the purchasing power of Libyan citizens, and support development projects and international investment across the country.
The statement also highlighted the importance of reinforcing Libya’s key technocratic institutions, including the Central Bank of Libya, the National Oil Corporation, and the Audit Bureau. It noted that the unified budget includes the National Oil Corporation’s first operational budget in years, along with funding intended to raise energy production and oversight measures aimed at ensuring the effective use of those funds.
According to the joint statement, increasing oil and gas production would not only benefit the Libyan people but also support international partners and contribute to regional and global energy security. The signatories linked economic integration to the wider political track, arguing that stronger economic coordination can reinforce efforts to reunify Libya’s institutions.
The governments also renewed their support for the United Nations Support Mission in Libya and for the roadmap put forward by the Special Representative of the Secretary-General, Hanna Serwaa Tetteh. They urged all parties to build on that roadmap and on UN mediation efforts in order to advance a Libyan-led political process that results in unified governing institutions and national elections.
