The European Union has welcomed the agreement that addresses the dispute over the leadership of the Central Bank of Libya (CBL). The Libyan House of Representatives and the High Council of State established a mechanism, criteria, and timeline for appointing a new CBL Governor, Deputy Governor, and Board of Directors.
The EU commended the UN Support Mission in Libya (UNSMIL) for facilitating this key milestone and urged the parties involved to promptly implement the agreement.
Representatives from Libya’s rival eastern and western legislative bodies, during UN-facilitated talks, reached a compromise on September 26, nominating an interim governor and deputy governor for the CBL. The deal aims to resolve the ongoing crisis over control of the Central Bank and oil revenues, which has severely impacted Libya’s oil production and exports.
According to UNSMIL, during the consultations held on September 25, both parties agreed on procedures and criteria for appointing new leadership for the CBL, aligning with the provisions outlined in the Libyan Political Agreement. The EU reaffirmed its strong support for the UN and UNSMIL’s efforts to promote peace, stability, and security in Libya.
