The Economic Working Group of Libya, convened a plenary meeting on 15 December to discuss the progress of reunifying the Central Bank of Libya with Governor Saddek El-Kabir and Deputy Governor Ali El-Hebri, the United Nations Mission in Libya (UNSMIL) said on Friday.
Co-chaired by diplomats of Egypt, the EU, the US as well as U.N. Envoy Stephanie Williams, the plenary meeting was convened to review recent progress made by El-Kabir and El-Hebri to “advance the reunification process since the last plenary session on September 9 where Deloitte presented the financial review and reunification roadmap.”
“Both branches have appointed technical teams and agreed on the structure and the organization of the technical work,” the U.N. Mission said. “The Governor and the Deputy Governor voiced strong agreement on the need to reunify the central bank without delay.”
For their part, EWG co-chairs emphasized the importance of a reunified central bank to the UNSMIL-facilitated political process.
“The EWG agreed to meet again on this topic in March to assess the status of phase one of reunification,” the U.N. concluded.