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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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