UN envoy Hanna Tetteh praised the Central Bank of Libya for the unified budget law and emphasized the importance of keeping the bank politically neutral. She discussed the CBL’s efforts to maintain economic stability and acknowledged its achievements in resolving liquidity issues and improving payment systems.
Hanna Tetteh, the Special Representative of the Secretary-General and Head of the United Nations Support Mission in Libya (UNSMIL), has commended the Central Bank of Libya (CBL) for its role in issuing the unified budget law. She emphasized the necessity of maintaining the CBL’s independence from political disputes during her visit to CBL Governor Nagi Issa’s office in Tripoli.
During their meeting, they discussed the CBL’s initiatives aimed at preserving financial and economic stability in Libya amid various challenges. Tetteh highlighted the CBL’s crucial contribution to the issuance of the unified budget law, which she underscored as vital for Libya’s stability and future.
Tetteh also acknowledged the achievements of the CBL’s new administration, notably addressing the cash liquidity crisis, improving electronic payment systems, and easing hardships faced by citizens. She stressed the importance of keeping the CBL independent from political conflicts to ensure its role in fostering genuine economic reform.
In summary, Tetteh’s praise for the CBL underlines the importance of its unified budget law for Libya’s stability. Her call for political neutrality emphasizes the need for the CBL to function independently to facilitate economic reforms and address ongoing financial challenges in the country.
Original Source: libyaobserver.ly
