Kubis: Unification of the CBL is essential for Libya’s economic development

Head of UNSMIL stresses the need to unify Libya's financial institutions to promote growth and development for the country's economy

Kubis delivered the Audit Report conducted by Deloitte International to the Prime Minister of the GNU. [Photo: GNU]
Jan Kubis, the head of the United Nations Support Mission in Libya (UNSMIL), emphasized that submitting the audit report and financial audit to the Central Bank of Libya was an important and necessary step toward the unification of the Central Bank of Libya and the stabilization and prosperity of the Libyan people.

Kubis explained in delivering the audit and financial audit report that the unification of State institutions was a necessary step toward achieving national unity, economic development, and private and public sector development.

The UN envoy also emphasized that this step promotes other paths, including the political one, and Libyan parties to ensure that elections are held on December 24.

Kubis also praised the Joint Military Commission’s efforts toward a total ceasefire, emphasizing the importance of withdrawing all foreign troops, combatants, and mercenaries from Libyan territory.

Last week, the Audit Report mandated by the United Nations and conducted by Deloitte International was delivered to the Prime Minister of the Government of National Unity in a ceremony attended by the Governor of the Central Bank of Libya, Sadiq al-Kabir.

The Governor welcomed the Audit report, emphasizing that the CBL has maintained its neutrality and professionalism in the face of critical political circumstances and that the CBL is a sovereign institution that adheres to transparency, responsibility, and disclosure standards.

He went on to say that work will continue to be done to complete the CBL’s reunification, which will benefit every aspect of the Libyan economy, aid in the country’s reconstruction, and contribute to the improvement of citizens’ living conditions throughout Libya.

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