UNSMIL reported today that on 10 and 11 February it organised and facilitated initial consultations with 14 Libyan financial and economic experts from across the country.
These consultations are based on Security Council resolutions 2755 (2024) and 2542 (2020), which mandate the Mission to assist Libya in “consolidating governance, security and economic arrangements, including support for economic reform in cooperation with international financial institutions.”
Discussions focused on economic policy guidelines that address the root causes of conflict, enhance governance, and encourage accountability. Participants discussed priorities for achieving stability and diversification in the Libyan economy, establishing good governance, and practical steps that can be realistically implemented in the Libyan political and economic environment in the short, medium and long term.
Participants also acknowledged the urgent need to increase the contribution of Libyans to support economic reforms, and the need to address the current gap in spending and revenues due to the absence of a unified, balanced, enforceable budget law subject to strict oversight.
