The UN envoy, Hanna Tetteh, lauded the Central Bank of Libya for its unified budget law and the necessity of political neutrality. Highlighting the bank’s role in economic stability, she emphasized its achievements and the critical need for independence from political conflict.
Hanna Tetteh, the Special Representative of the Secretary-General and Head of the United Nations Support Mission in Libya (UNSMIL), commended the Central Bank of Libya (CBL) for issuing the unified budget law. She underscored the necessity of maintaining the bank’s political neutrality to foster stability in the region.
During a meeting at the CBL headquarters in Tripoli with Governor Nagi Issa, various topics were discussed, including the bank’s endeavors to uphold financial and economic stability amid numerous challenges. Tetteh recognized this stability as essential for Libya’s future.
Tetteh acknowledged the CBL’s achievements under its new administration, such as addressing the cash liquidity crisis, enhancing electronic payment systems, and relieving citizens’ hardships. She reiterated the need for the institution’s independence from political influences to advance genuine economic reforms.
In conclusion, the UN envoy’s recognition of the Central Bank of Libya highlights the vital role it plays in the nation’s stability and economic progress. By maintaining political neutrality and focusing on economic reforms, the CBL can better serve the interests of the Libyan people, ensuring a more stable future for the country.
Original Source: libyaobserver.ly
