Libya’s Competing Bodies Agree on Unified Framework
Libya’s New Agreement to Align Financial Policies
Libya's central bank announced an important agreement between the country's two legislative bodies, aimed at creating a unified development program. This move seeks to align the financial strategies of the rival administrations in a framework they both accept.
Libya is a major oil producer with divided governance between west and east.
The country has lacked a unified budget for over a decade.
The new agreement focuses on unifying spending channels for development…