No Result
View All Result
Sunday, July 13, 2025
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 workshop on ‎”The Role of the Banking Sector in Revitalising Stalled Housing Projects and Urban Development”‎ to be held in Tripoli on 13 July

A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

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

CBL receives results from meetings with international banks
Business

CBL workshop on ‎”The Role of the Banking Sector in Revitalising Stalled Housing Projects and Urban Development”‎ to be held in Tripoli on 13 July

July 11, 2025
Preparations for the second ‘‘Made in Libya’’ edition in Niamey, Niger progressing
Business

“Made in Libya” exhibition to be held in Benghazi from 10 to 13 August

July 11, 2025
Sirte and BACB to improve cooperation
Business

Sirte Oil completes drilling of horizontal well in Zilten field producing 1,985 bpd using local cadres

July 11, 2025
Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges
Business

Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges

July 10, 2025
Libyan olive oils win gold at Anatolian, Berlin and Japan 2025 international olive oil competitions
Business

Libyan olive oils win gold at Anatolian, Berlin and Japan 2025 international olive oil competitions

July 10, 2025
NOC announces force majeure at Zawia port
Business

Libyan Fertiliser Company’s urea plant achieves a 95 percent production rate

July 10, 2025
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

ADVERTISEMENT

Top Stories

  • Benghazi port receives 398 containers of mixed goods, 25,000 tons of wheat, 28,500 tons of barley and 6,000 tons of cement

    All imports into Libya must be paid for through official bank transactions

    0 shares
    Share 0 Tweet 0
  • BP to reopen office in Libya, Shell discusses prospects for cooperation in oil field development‎

    0 shares
    Share 0 Tweet 0
  • Libya Development and Reconstruction Fund signs contract with Turkey’s Ankamenia for maintenance of Benghazi University’s medical colleges

    0 shares
    Share 0 Tweet 0
  • Libyan olive oils win gold at Anatolian, Berlin and Japan 2025 international olive oil competitions

    0 shares
    Share 0 Tweet 0
  • Aldabaiba opens First Phase of Tripoli’s Third Ring Road

    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

CBL workshop on ‎”The Role of the Banking Sector in Revitalising Stalled Housing Projects and Urban Development”‎ to be held in Tripoli on 13 July

Attorney General provides update on investigation of incidents resulting from Tripoli 2025 armed clashes and demonstrations

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.