Brussels 28.09.2024 The European Union welcomes the agreement addressing the dispute over the leadership of the Central Bank of Libya (CBL), under which the Libyan House of Representatives and the High Council of State established the mechanism, criteria and timeline for the appointment of a CBL Governor, Deputy Governor and Board of Directors.

We commend the facilitation efforts undertaken by the UN Support Mission in Libya (UNSMIL) to reach this important milestone and exhort the signing parties to swiftly work towards the effective and full implementation of the agreement.

The EU continues to strongly support the role of the UN and UNSMIL in working towards a peaceful, stable and secure Libya.

Representatives of Libya’s rival eastern and western legislative bodies, in talks facilitated by the United Nations, signed an agreement on Thursday September 26 to end a crisis over leadership of the Central bank, nominating an interim governor and his deputy.
The agreement is aimed to defusing a crisis over control of the Central Bank of Libya (CBL) and oil revenues that has sharply reduced Libya’s oil output and exports.

The United Nations Support Mission in Libya (UNSMIL) said that as a result of a new round of consultations on Wednesday September 25 regarding the crisis at the Central Bank of Libya (CBL), representatives from the House of Representatives and the High Council of State reached compromise on appointing new leadership for the CBL.

According to UNSMIL, two parties initialed an agreement on the procedures, criteria, and timelines for appointing a Governor, Deputy Governor, and Board of Directors for the CBL, in accordance with the provisions of the Libyan Political Agreement.