US, France, Germany, Italy, the UK, and the European Union called on Libyan officials to ensure that budget disbursements are made on a consistent basis and with full transparency, so that the Libyan people receive the crucial services they deserve.
The statement read by the US Chargé d’Affaires Stephanie Williams, the countries as well as the World Bank, says that they are concerned for the economic situation in Libya, the critical importance of economic stability, development, and stronger growth, and the importance of government institutions to deliver public services to Libyan citizens.
“The challenges Libya currently faces are particularly difficult, but this makes reform even more essential. Structural changes are necessary to stabilize Libya’s economy.” The statement reads.
On Tuesday, the Presidential Council (PC) and the Central Bank of Libya (CBL) agreed on economic reforms that would end “deformed prices of fuel” and “foreign currency rates at the market in the eighth meeting of the Libyan Economic Dialogue in Tunisia.