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New efforts in Libya - World - Al-Ahram Weekly

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The Libyan Banking Sector: A Microcosm of Global Enduring Disorder

This paper investigates the ongoing Libya conflict through the Enduring Disorder paradigm, focusing on the financial and banking sectors, honing in on stakeholder perceptions of the Central Bank of Libya (CBL), its transparency/opacity, and the “narrative wars” over who is to blame for, and who benefits from, Libya’s economic dysfunction, the lack of an annual budget, and the current lack of a quorum on the CBL board. ....

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Reuniting Libya, Divided Once More

Libya is once again stuck in a standoff between two rival executives. In this excerpt from the Watch List 2022 – Spring Update, Crisis Group urges the EU and its member states to host consultations among foreign ministers of countries engaged in Libya, push the UN Security Council to appoint a new special representative and encourage the opposing factions to reach agreement on a state budget. ....

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Watch List 2022 – Spring Update

Each year Crisis Group publishes two Updates to complement its EU Watch List. The Updates identify crises and conflicts where the European Union and its member states can help enhance prospects for peace. This Update includes entries on Libya, Mali, Nagorno-Karabakh, Pakistan and Ukraine. ....

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At Geneva Libyan economy reform meeting, UNSMIL calls for critical decisions within two days

A timetable to implement these reforms
UNSMIL highlighted the fact that the meeting in Geneva is taking place against the backdrop of several promising developments, including:
The full resumption of Libyan oil production thanks to the significant efforts of the National Oil Corporation.
It will be recalled that under the Maetig-Hafter oil production/export agreement, he revenues thus far accrued by the NOC are being withheld from the Tripoli CBL pending further progress towards a more durable economic arrangement.
Reunification of Board of Directors of the Central Bank of Libya
The participants also broadly welcomed the decision by the Board of Directors of the Central Bank of Libya to this week convene a board meeting that is expected to tackle unification of the exchange rate. The unification of Libya’s financial institutions is crucial for the success of the needed economic reforms. ....

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