Egypt has welcomed the recent agreement between the Libyan House of Representatives and the State Council, which addresses the Central Bank of Libya crisis. The agreement resulted in the appointment of Naji Mohamed Issa Belqasem as the new governor. This development is anticipated to pave the way for greater stability in Libya, as ongoing conflicts have disrupted oil production and affected global markets. Egypt stands committed to aiding these efforts alongside international partners.
The recent agreement between the Libyan House of Representatives and the State Council, facilitated by the Acting Head of the United Nations Mission in Libya, has been warmly welcomed by Egypt. This development aims to address the ongoing crisis within the Central Bank of Libya. A key outcome of the agreement is the appointment of Naji Mohamed Issa Belqasem as the new governor of the Central Bank of Libya. The Egyptian Foreign Ministry expressed optimism regarding this agreement, emphasizing that it could provide significant momentum for consolidating efforts towards stabilizing Libya. Confirming Egypt’s commitment, the Ministry reiterated its readiness to support these initiatives in collaboration with both regional and international partners. This cooperative approach aims to enhance the capacities of the Libyan populace and to realize their aspirations. Libya has recently experienced a contentious period concerning the appointment of a governor for the Central Bank, particularly between the Tobruk-based administration led by Khalifa Haftar and the Tripoli-based government of Abdul Hamid Dabeeba. This discord has resulted in disruptions to the country’s oil production, subsequently affecting global oil markets and contributing to rising prices worldwide. However, through UN-mediated meetings and discussions, a pathway toward reconciliation has begun to take shape, as evidenced by the latest agreement.
The political landscape in Libya has been heavily influenced by divisions between competing governments, notably the Tobruk-based government and the Tripoli administration. These factions have been embroiled in a power struggle that has hampered the effective governance of the Central Bank of Libya, which is crucial for the country’s economic stability. The resulting impasse has had severe repercussions for the nation’s oil production, vital for Libya’s economy, causing global oil market disturbances. The United Nations has been actively facilitating dialogues to forge agreements that could restore unity and stability within Libya, leading to the recent accord to appoint a new governor for the Central Bank.
In conclusion, Egypt’s endorsement of the recent agreement between the Libyan governmental bodies marks a significant step towards addressing the ongoing Central Bank crisis in Libya. The appointment of Naji Mohamed Issa Belqasem as the new governor is expected to alleviate tensions and bolster initiatives aimed at stabilizing the country’s economy. Egypt’s commitment to supporting Libya’s aspirations for peace and recovery, through collaborative regional and international efforts, reflects a hopeful outlook for the future of Libya amid its current challenges.
Original Source: www.egypttoday.com
