High Council of State member Ahmed Buberig considered the statements by the Governor of the Central Bank of Libya, Naji Issa, to be a sincere expression of the extent of the suffering experienced by state institutions as a result of the ongoing political and institutional division.
The Need to Unify the Economic Environment
In exclusive statements to the “Al-Raed” news network, which is close to the Justice and Construction Party, the political arm of the Muslim Brotherhood, Buberig said that the Central Bank needs a unified environment and a single national budget to be able to perform its role in controlling spending and supporting the path of economic reforms.
Repercussions of the Division on Financial Policies
Buberig stressed that the absence of political consensus leads to poor coordination between economic institutions and limits the effectiveness of monetary and financial policies. He warned that the continuation of this reality will contribute to widening the gap between decision-making centers, which will negatively affect citizens’ livelihoods and development opportunities in the country.