TRIPOLI - The United Nations Support Mission in Libya (UNSMIL) welcomes the endorsement by the House of Representatives (HoR) of the nominees for the new Governor and Deputy Governor of the Central Bank of Libya (CBL), in consultation with the High Council of State (HCS) in accordance with Article 15 of the Libyan Political Agreement (LPA) and the agreement signed by the two Chambers on 26 September. In a session held today, 30 September, with 108 members present, the HoR unanimously endorsed the nominees, while the HCS formalized its consensus on 29 September with 112 signatures of its members in favor of the proposed candidates.  

UNSMIL calls on all relevant parties to ensure a smooth handover to the newly appointed CBL leadership in line with existing laws and customary practices in Libya, and to swiftly proceed with the appointment of a credible and professional Board of Directors within two weeks as per the provisions of the 26 September Agreement.

A competent, accountable Central Bank leadership, including a Board of Directors, is essential to restoring trust among the Libyan people and credibility in the global financial system. It also signals hope for a more transparent and accountable governance of the Libyan people’s resources.

UNSMIL also calls on all relevant institutions to withdraw all unilateral decisions issued in the context of the CBL crisis. The Mission emphasizes the urgent need to end the closure of oil fields and disruption of oil production and export, and to channel the revenue from this vital resource through the appropriate institutional framework to the Central Bank of Libya.

This progress towards the resolution of the CBL crisis, including the constructive engagement by the HoR and HCS, signals hope for future progress on an inclusive political process under UN auspices which takes the country to general elections. UNSMIL remains committed to supporting Libya’s path toward sustainable peace, stability, and economic recovery.