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.

Read the full story

Sign up now to read the full story. This article is available to subscribers on the Political Risk and Enterprise tiers only.

Subscribe
Already have an account? Sign in

Great! You’ve successfully signed up.

Welcome back! You've successfully signed in.

You've successfully subscribed to Libya Desk.

Success! Check your email for magic link to sign-in.

Success! Your billing info has been updated.

Your billing was not updated.