Following the meeting organised yesterday in London by Secretary of State John Kerry and Foreign Minister Paolo Gentiloni, an agreement was reached to resume internal funding in Libya. The agreement was closed by the representatives of the Government of National Accord (GNA) and the Central Bank of Libya.
The agreement envisages the resumption of funding to the Libyan Government with almost 7 billion euros from the reserves of the Central Bank to provide the GNA with sufficient funds to cover the population’s most urgent needs and offer them essential services.
The agreement also defined a mechanism to directly connect the central bank and the government with a view to making the implementation of economic policies faster and more effective. To this end, the representatives of the Libyan government committed to appoint a Deputy Minister of Economy and Finance.
A technical meeting convened in the same format to verify the implementation of the initiatives agreed in London will be held in Rome next 17 November. Satisfaction over the agreement was expressed by Foreign Minister Paolo Gentiloni who met with the Governor of the Central Bank of Libya, Al Kebir, before yesterday’s meeting in London. He said: “The agreement is a first step towards stabilising the economy and implementing the Country’s priority programmes, also assuring security and essential services to the citizens.”
