UN Envoy Highlights Central Bank of Libya’s Role and Political Neutrality
Hanna Tetteh, the UN envoy, praised the Central Bank of Libya for issuing a unified budget law and emphasized the necessity of political neutrality to ensure financial stability in the country. She acknowledged the CBL’s efforts to resolve liquidity issues and improve payment systems, underlining its importance in Libya’s economic reform.
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 successful issuance of the unified budget law. She emphasized the crucial need for the CBL to remain free from political disputes.
During a meeting on Monday at the CBL headquarters in Tripoli, Governor Nagi Issa engaged with Tetteh to discuss the bank’s role in maintaining financial and economic stability amidst various challenges.
The CBL’s efforts in issuing the unified budget law were highlighted, with Tetteh noting its importance for the stability and future of Libya. Furthermore, she recognized the accomplishments of the CBL’s new administration, particularly its work in resolving cash liquidity issues, enhancing electronic payment systems, and easing the financial burdens on citizens.
Tetteh reiterated the significance of ensuring the independence of the CBL from political conflicts, advocating for its continued support toward meaningful economic reforms.
In conclusion, Hanna Tetteh’s commendation of the Central Bank of Libya underscores the importance of maintaining the institution’s independence from political influences. By successfully issuing the unified budget law and addressing pressing financial issues, the CBL is viewed as a critical player in Libya’s path toward economic stability and reform. Tetteh’s remarks reaffirm the need for political neutrality in this essential institution.
Original Source: libyaobserver.ly
