Maiteeq Announces End of Financial Split in Libya

On Monday, Deputy Prime Minister of the Tripoli-based Government of National Accord (GNA), Ahmed Maiteeq officially announced the end of the financial split between the two finance ministries in western and eastern Libya. He added that this is a step towards unifying all state institutions.

In a briefing, Maiteeq added that the GNA-affiliated Ministry of Finance transferred the salaries of all public state officials to the Central Bank of Libya (CBL).

In February, the United Nations Support Mission in Libya (UNSMIL) stated that the rival parties agreed on a two-month budget to allow for the newly-elected executive authority to plan the full budget for 2021. UNSMIL mentioned that they agreed to address the banking crisis.

UNSMIL brought these parties with the support of international financial institutions, and the Economic Working Group of the Berlin Conference.

In September, Maiteeq struck an agreement with the Commander of the Libyan National Army (LNA), Field Marshal Khalifa Haftar to end the eight-month blockade of oil exports with a deal to review how revenues were shared.

Source: Libya Review