Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, welcomed the agreement to unify financial expenditure across Libya, marking a milestone not seen in over 13 years. This move follows a long period of fiscal division that heavily impacted the country’s economic and living conditions.
Dbeibeh explained that the agreement regulates public spending under a single framework, noting that citizens will be the primary beneficiaries if all parties commit to its implementation, potentially stabilizing prices and strengthening the Libyan Dinar. He emphasized that development plans must align with the state’s actual financial capacity without burdening the public.
The Prime Minister thanked the Central Bank of Libya, representatives from the House of Representatives and the High Council of State, as well as the US Treasury and Advisor Massad Boulos for their technical support and mediation efforts.
Concurrently, the Central Bank of Libya welcomed the signing of Annex (1) of the Unified Development Agreement, which includes the adoption of general expenditure tables. It reaffirmed its commitment to transparency and disclosure to ensure financial stability, regulate spending, and bolster the local currency.