No Result
View All Result
Saturday, May 2, 2026
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

IMF confirms ”Hibri recognized as Governor of Fund”

bySami Zaptia
July 22, 2015
Reading Time: 2 mins read
A A

By Libya Herald Reporter.

CBL Governor, Ali Salem Hibri is recognized by the IMF as the legitimate representative of Libya  (Archive photo: Sami Zaptia).
CBL Governor, Ali Salem Hibri is recognized by the IMF as the legitimate representative of Libya (Archive photo: Sami Zaptia).

Tunis, 22 July 2015:

Further to media speculation about who the IMF recognizes as Libya’s representative on the Board . . .[restrict]of Governors, the IMF confirmed to Libya Herald today that it only recognizes the House of Representatives (HoR) as the legitimate authority in Libya.

The speculation came about as a result of the IMF updating their online database for Governors of its Board including the addition of the name of Ali Hebri as Libya’s representative.

Mainstream and social media in Libya had speculated weather the IMF and the international community were dropping their recognition of Saddek Elkaber as the de facto Governor of the Central Bank of Libya (CBL).

RELATED POSTS

CBL loosens foreign currency controls – including permitting cash dollar deposits and transfer

CBL Governor follows up on establishing closer banking relationship with China in meeting with its Libya Ambassador

The IMF Spokesperson said that “on July 2, 2015, the Fund received a letter from the Speaker of the House of Representatives (HOR, the legislative authority in the East), appointing Mr. Elhebri as Governor for the Fund. The international community, including most IMF member states, recognizes the HOR as the only legitimate authority in Libya. In line with established Fund procedures, Mr. Elhebri was recognized as Libya’s Governor for the Fund.”

However, whilst the IMF is an institution made up of representatives of internationally recognized states and therefore must recognize the internationally recognized Governor of the CBL, Ali Hibri, it has no control of who is the de facto Governor of the CBL in Tripoli.

There is confusion in the stance of the international community on the status of of the heads of Libya’s international and state institutions such as the LIA, LAP, LPTIC, CBL etc.

On the one hand, de jure, the international community exclusively recognize the Tobruk based parliament of the HoR and the Al-Beida-based government of Abdullah Thinni.

On the other hand, de facto, they espouse a policy of the status quo and say that none of the heads of these institutions should be embroiled in the political conflicts. They say all the heads should remain as they are and should not become politicized and part of the political conflict.

They see these as institutions that represent the higher national interest of Libya – above the political cut and thrust. [/restrict]

Tags: CBL Central Bank of LibyaCBL Governor Ali HibriIMF International Monetary Fund

Related Posts

National Development Agency signs contract for National Food Sovereignty Project – 1,000 Centre Pivot Irrigation Circuits
Business

National Development Agency signs contract for National Food Sovereignty Project – 1,000 Centre Pivot Irrigation Circuits

May 1, 2026
REAoL makes 500 MW Ghadames solar project site inspection
Business

Chinese delegation meets Renewable Energy Authority of Libya to strengthen cooperation in the sector

May 1, 2026
Libyan Industrial Union organizing conference on Libyan economy – invites participation
Business

Malaysian Chamber of Commerce discusses with Libyan Industry Union cooperation in industry, training, and skills development

May 1, 2026
Economy Minister Hwej reviews his ministry’s implementation of its 2023 plan and issues several directives
Business

Economy Ministry hails market correction in meat, fish, vegetable & grain prices – resulting from policy adjustments and supply chain regulation

May 1, 2026
Algeria exports electric vehicle charging stations to Libya
Business

Air Algérie inspects Tripoli’s Mitiga airport in preparation for resumption of flights

April 30, 2026
Customs Authority uncovers 11 companies involved in illicit use of Letters of Credit exceeding US$ 54 million
Business

Italy’s Ingegneria Informatica and Libya’s Customs Authority to activate Automated Inspection Software System

April 30, 2026
Next Post

Ghariani rails against credit cards

Tunisians nab fuel smugglers after a Libyan border gunfight

Tunisians nab fuel smugglers after a Libyan border gunfight

Top Stories

  • Tunis Air to resume flights to Libya ‘‘in coming weeks’’ – new sea lines to be launched soon linking Italy, Tunisia and Libya

    New shipping line between Italy-Tunisia-Tripoli launched today

    0 shares
    Share 0 Tweet 0
  • Chevron and Libya’s National Oil Corporation sign MoU to evaluate shale oil and gas resources – estimated at 18 billion barrels and 123 trillion cft

    0 shares
    Share 0 Tweet 0
  • CBL increases foreign currency cash limit permitted to enter Libya – up from US$ 10,000 to US$ 30,000

    0 shares
    Share 0 Tweet 0
  • US sells US$ 95 million worth of border security equipment to Tunisia – can a similar deal between the EU or the US be struck with Libya?

    0 shares
    Share 0 Tweet 0
  • MedSky confirms start of direct Dusseldorf flights from 17 May

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

National Development Agency signs contract for National Food Sovereignty Project – 1,000 Centre Pivot Irrigation Circuits

Chinese delegation meets Renewable Energy Authority of Libya to strengthen cooperation in the sector

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.