Tripoli Prime Minister Aldabaiba welcomes the signing of the Unified Public Spending Agreement

Tripoli based Libyan Prime Minister Abd Alhamid Aldabaiba welcomed last Saturday (11 April) the signing of the US-brokered Unified Public Spending Agreement (Unified Development Programme) between the two politically split Libyan western and eastern Libyan administrations.

Aldabaiba said ‘‘After 13 years of political deadlock, we have succeeded today in reaching an agreement that regulates public spending in a unified manner across all of Libya, after its negative effects worsened over the past years to a degree that has become clear to everyone.

The primary beneficiary of this agreement is the Libyan citizen. If all parties commit to its implementation, it will directly—God willing—be reflected in an improved standard of living, price stability, and a strengthening of the Libyan dinar.

As we have previously emphasized, development is the right of all Libyans, in the south, east, and west. However, it can only be achieved within the limits of the Libyan state’s financial capacity and economic potential, and in a way that supports the citizen and does not come at their expense.

This is a promising step, but the real test lies in the serious commitment of all parties, so that it translates into tangible results that citizens can feel in their daily lives.

We extend our thanks and appreciation to all parties that contributed to this agreement, especially the Central Bank of Libya, and the representatives of the House of Representatives and the High Council of State.

We also appreciate the technical support of the US Treasury Department, and we commend the role of Advisor Massad Boulos, Senior Advisor to the US President for Middle East and Africa Affairs, in supporting the political mediation efforts that contributed to reaching this agreement’’.

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