The UN Support Mission in Libya (UNSMIL) has reiterated its commitment to continue supporting the Libyan Economic Dialogue to reinforce Libyan progress in consolidating the budget and improve the transparent management of oil revenues.

UNSMIL's remarks came Wednesday in a virtual meeting held by the Acting Head of the UNSMIL, Stephanie Williams, with the co-chairs of the Economic Working Group (EWG), including the Ambassadors of the Republic of Egypt, the European Union, and the United States, in addition to representatives from the World Bank and International Monetary Fund.

UNSMIL explained in a statement that Williams convened the virtual meeting of Libyan policy makers to follow up on the basket of reforms discussed in Geneva on 14-15 December 2020.

The EWG reiterated that a meeting will be held soon to agree on a consolidated budget, saying an agreement on a consolidated and unified budget is the major outstanding step in the set of reforms needed to create a more durable, equitable and accountable economic arrangement in Libya which will determine an improvement in financial governance and  management of oil revenues.