Will the Central Bank of Libya start disbursing funds to the eastern government?
On Tuesday, the House of Representatives approved a 90 billion Libyan Dinar budget for the eastern-based Government of National Stability. Given the politics at play, will the Central Bank of Libya actually disburse these funds to the eastern-based government?
On Tuesday, the House of Representatives (HoR) approved a 90 billion Libyan Dinar budget for the eastern-based Government of National Stability (GNS). While this budget approval is not unprecedented, the current feud between the Central Bank of Libya (CBL) Governor Sadiq al-Kabir and the Government of National Unity (GNU) Prime Minister Abdulhamid Dabaiba raises the potential that the GNS’ approved budget will finally be backed by CBL funds.
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