The United States has described Libya’s unified development agreement as a pivotal step towards strengthening economic stability, enhancing transparency, and unifying public spending, in a sign of growing international support for Libya’s financial reform efforts.
During an official ceremony held in Washington earlier this month at the office of US Secretary of State Marco Rubio, senior US officials highlighted the importance of strategic cooperation with Libya. The event was attended by senior presidential adviser Massad Boulos and featured remarks from Deputy Assistant Secretary of State Caleb Orr.
According to the Libyan Government of National Unity, Orr stressed that the unified development agreement represents a critical milestone in supporting Libya’s economic recovery. He noted that the initiative aims to improve financial governance, ensure clearer public expenditure frameworks, and boost transparency and disclosure mechanisms. The agreement is backed by the US Embassy in Libya and the US Department of the Treasury.
The Libyan delegation included key officials from the Tripoli-based Government of National Unity. Participants included ministers responsible for transport, oil and gas, and economy and trade, alongside senior figures such as the head of the Prime Minister’s executive team for strategic projects, the chairman of the Libyan Investment Authority, and the director-general of the National Mining Corporation.
Discussions covered a broad range of sectors, including energy, aviation, transport, and mining, as well as efforts to improve Libya’s investment climate. Both sides outlined a shared vision to expand economic cooperation and increase the presence of US companies in the Libyan market.
The move comes amid ongoing international efforts to stabilise Libya’s economy and unify financial institutions, which remain divided after years of political fragmentation.