Egypt has welcomed the recent agreement between the Libyan Parliament and State Council to resolve the Central Bank of Libya crisis, appointing Naji Mohamed Issa Belqasem as governor. This development is seen as a positive step towards achieving stability in Libya amid ongoing political strife and disruption in oil production, which has affected global oil prices. Egypt reaffirms its support and commitment to the stabilization efforts in coordination with regional and international partners.
On September 30, 2024, Egypt expressed its approval of the recent agreement reached between the Libyan House of Representatives and the State Council. This agreement, facilitated by the Acting Head of the United Nations Mission in Libya, aims to address the ongoing crisis concerning the Central Bank of Libya. As part of this pact, both parties have appointed Naji Mohamed Issa Belqasem as the new governor of the Central Bank. In an official statement, the Egyptian Ministry of Foreign Affairs conveyed hope that this development would foster the necessary momentum for efforts aimed at achieving stability across Libya. The ministry reiterated Egypt’s commitment to support these initiatives in coordination with regional and international partners, emphasizing the goal of enhancing the capabilities of the Libyan populace and addressing their aspirations. The background context reveals that Libya has been embroiled in a complex crisis concerning the appointment of a new head of the Central Bank, navigating tensions between the Tobruk-based government led by Khalifa Haftar and the government in Tripoli, led by Abdul Hamid Dbeibah. This political strife has led to disruptions in the country’s oil production, significantly impacting the global oil market and escalating prices. The United Nations has been actively engaged in facilitating discussions and meetings to achieve a resolution between the opposing factions.
The crisis surrounding the Central Bank of Libya is rooted in the broader political instability faced by the country, which has seen a division between rival governments. This division complicates governance and creates challenges in vital sectors, such as oil production. The recent agreement marks a crucial step towards stabilizing not only the financial sector but also the broader socio-political environment in Libya. International stakeholders, including Egypt, are keenly focused on ensuring that these agreements lead to a stable governance structure capable of fulfilling the needs of the Libyan people.
In conclusion, Egypt’s support for the agreement between the Libyan House of Representatives and the State Council underscores a significant step towards resolving the Central Bank crisis. The appointment of Naji Mohamed Issa Belqasem as governor represents a vital move in stabilizing Libya’s financial landscape. Egypt’s commitment to aiding Libya’s stabilization efforts reflects a broader hope for peace and progress within the region, contingent upon the cooperation of both local and international players.
Original Source: www.egypttoday.com
