Home / Politics / After the agreement on the military track … “Williams” reveals great progress in the economic track.

After the agreement on the military track … “Williams” reveals great progress in the economic track.

After the many and fast agreements in the Libyan crisis file, starting with the agreement of the House of Representatives and the state on the criteria and mechanisms for re-assuming the sovereign positions in Abo Zniqa, Morocco, as well as the Montreux Agreement in Switzerland, in addition to the 5 + 5 agreement in Geneva on an immediate ceasefire in Libya.

The UN envoy to Libya, “Stephen Williams,” reveals, during a press conference at the United Nations headquarters in Geneva, progress in the economic dialogue.

Central Bank unification

“Williams” explained during her speech that it was agreed to unify the economic and financial institutions, including the Central Bank, noting that the financial auditing process on the two central branches of the Central Bank has been continuing since last August, and will continue for another 6 months, and it will present its recommendations to the Libyan Financial Authority.

In the same context, Williams confirmed that the Economic Dialogue Committee is preparing detailed recommendations on the economic track that will be presented in the coming days during the political dialogue sessions, in addition to a full report on the settlement process.

Settle disputes

Williams indicated that this work is the product of a meeting of a group of Libyan experts who worked in the Economic Dialogue Committee, and made important progress before the emergence of the Corona epidemic, and their meetings continued virtually after that, and Williams added that there are complicated issues pending still need work on, to ensure settlement of economic and financial disputes.

The third round

The United Nations Support Mission in Libya announced, on September 18, the third meeting of economic dialogue via video communication, headed by the Acting Special Representative of the Secretary-General of the United Nations, Stephanie Williams, and the participation of 29 Libyan economists.

The mission added, on its official page, that the meeting included representatives of the United Nations Development Program and the World Bank, to discuss progress made in the economic track, and to review the economic policy roadmap that was developed as part of the Berlin Process.

Abo Zniqa agreement and the Cairo meeting

The House of Representatives and the Supreme Council of the State, in turn, agreed on October 6 on the standards and mechanism for sovereign positions, including the Central Bank, the Audit Bureau, and the Administrative Control Authority.

The Egyptian capital, Cairo, hosted the first round of economic dialogue talks emanating from the outcomes of the Berlin conference, under the supervision of the United Nations, and in the presence of the UN Acting Envoy to Libya Stephanie Williams last February.

The Cairo meeting included 21 economic and banking personalities from all over Libya, who discussed unifying economic institutions, distributing oil revenues, and managing the Libyan state’s resources.

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