Egypt welcomed the agreement between Libya’s House of Representatives and the State Council to resolve the Central Bank of Libya crisis, appointing Naji Mohamed Issa Belqasem as governor. The Foreign Ministry expressed hope for enhanced stability in Libya, emphasizing continued support through collaboration with various partners. This agreement follows tensions over governance that impacted oil production and market prices.
On September 30, 2024, Egypt expressed its approval of the recently signed agreement between the Libyan House of Representatives and the State Council, a development facilitated by the Acting Head of the United Nations Mission in Libya. This accord aims to resolve the ongoing crisis surrounding the Central Bank of Libya. In light of this agreement, both parties have reached a consensus to appoint Naji Mohamed Issa Belqasem as the new governor of the Central Bank. In a statement released by the Egyptian Foreign Ministry, officials indicated their optimism that this agreement would serve as a catalyst for renewed stability in Libya. Additionally, Egypt reiterated its commitment to backing these initiatives, collaborating with both regional and international partners to support the aspirations of the Libyan populace.
The recent crisis between the Libyan government factions has centered on the appointment of a new governor for the Central Bank of Libya. This has been a contentious issue, with two competing factions—the Tobruk-based government, led by Khalifa Haftar, and the Tripoli-based government under Abdul Hamid Dbeibah—disagreeing on the appointment. The conflict has resulted in significant disruptions to Libya’s oil production, contributing to rising global oil prices and instability in international markets. UN mediation efforts included multiple meetings between the rival parties to ensure a resolution and stabilize the situation.
In conclusion, the agreement reached between the Libyan parliamentary factions marks a significant step toward addressing the governance challenges at the Central Bank of Libya. The anticipated appointment of Naji Mohamed Issa Belqasem as governor signals a renewed effort to restore stability in Libya, which is critical for the country’s economic recovery and the wellbeing of its citizens. Egypt’s supportive stance reinforces the importance of collaboration among both regional and international stakeholders in the quest for peace and governance in Libya.
Original Source: www.egypttoday.com
