The Central Bank of Libya welcomes the signing of the agreement on the Unified Development Program between the House of Representatives and the High Council of State, considering it an important national step toward strengthening financial stability and unifying development efforts across all regions of Libya.
The Central Bank of Libya affirms its full support for this agreement, which reflects a shared sense of responsibility, reinforces the principles of transparency and good governance, and establishes a clear framework for unifying spending channels and financing development projects. It also positively impacts the economy by directing resources toward productive investment in sectors such as infrastructure, education, and health, thereby promoting economic growth and improving social conditions. Furthermore, it contributes to achieving economic stability, ensuring fair distribution of resources, and realizing sustainable development.
This measure represents a proactive and necessary step to safeguard the macroeconomy from greater challenges previously warned of by the Central Bank’s Board of Directors.
The Central Bank of Libya also values the provisions included in this agreement and affirms its full readiness to carry out the tasks assigned to it in accordance with applicable legislation.
The Central Bank reiterates its commitment to working with all national parties in a spirit of cooperation and coordination to ensure the success of this agreement and the achievement of its objectives in service of the nation and its citizens.