“ICG” criticises Tobruk for attempts to create rival institutions

  • Libyan Express |
  • Thursday 10 December 2015

oil-company

New report by International Crisis Group argues that “efforts to create parallel institutions to the official ones in Tripoli should cease.”

The widely respected non-profit the International Crisis Group (ICG) has accused groups in Tobruk of “trying to set up parallel institutions” to those based in Tripoli.

In a report released on Thursday, the ICG states that “most regional and international actors remain committed” to the established Libyan Central Bank (CBL), National Oil Company (NOC) and Libyan Investment Authority (LIA).

The ICG calls on the international community to determine that “there can only be one CBL, NOC and LIA”, and that “efforts to create parallel institutions to the official ones in Tripoli should cease.”

Mr AbdulMagid Breish, Chairman and CEO of the Libyan Investment Authority, says:


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