UN Envoy Commends Central Bank of Libya on Unified Budget Law

UNSMIL Head Hanna Tetteh praised the CBL’s issuance of the unified budget law and urged for its political neutrality, recognizing its role in Libya’s financial stability and economic reform efforts.

The Special Representative of the Secretary-General and Head of the United Nations Support Mission in Libya (UNSMIL), Ms. Hanna Tetteh, has commended the Central Bank of Libya (CBL) for its integral role in issuing the unified budget law. Ms. Tetteh stressed the necessity of maintaining the CBL’s independence from political disputes to ensure its effectiveness.

In conclusion, the meeting emphasized the importance of the Central Bank of Libya’s role in fostering financial stability through a unified budget law. Ms. Tetteh’s remarks highlight the need for political neutrality within the CBL, which is essential for advancing economic reforms and overcoming challenges in Libya.

Original Source: libyaobserver.ly