Hanna Tetteh, UN envoy, praises the Central Bank of Libya for the unified budget law, stresses the need for political neutrality. During a meeting with CBL Governor Nagi Issa, they discussed the bank’s role in financial stability and highlighted its achievements, including resolving cash liquidity issues. Tetteh reaffirms the importance of keeping the CBL independent from political conflicts.
Hanna Tetteh, the Special Representative of the Secretary-General and Head of UNSMIL, commended the Central Bank of Libya (CBL) for its pivotal role in issuing the unified budget law. Tetteh emphasized the importance of maintaining the CBL’s neutrality in political matters to ensure economic stability.
During a meeting on Monday, CBL Governor Nagi Issa received Tetteh at the bank’s headquarters in Tripoli. They discussed the bank’s efforts to uphold financial and economic stability amidst numerous challenges facing the country.
Tetteh highlighted the significance of the unified budget law for Libya’s stability and future. She also acknowledged the accomplishments of the CBL’s new administration, especially in addressing cash liquidity issues, promoting electronic payment systems, and easing the financial burden on citizens.
Furthermore, she reiterated the necessity to maintain the independence of the CBL from political disputes, which is vital for fostering genuine economic reforms moving forward.
In conclusion, Hanna Tetteh’s praise for the Central Bank of Libya underscores the institution’s critical role in ensuring financial stability through the unified budget law. Her commitment to the CBL’s political neutrality and its achievements in resolving liquidity issues and enhancing payment systems are pivotal for Libya’s economic future. Maintaining the CBL’s independence is essential for advancing necessary economic reforms.
Original Source: libyaobserver.ly
