Libya’s eastern and western political factions have reached a milestone agreement to appoint a new interim governor for the country’s central bank.
As part of the agreement, both sides have committed to appointing a new central bank governor within a week and selecting a new board of directors within two weeks. Naji Mohamed Issa Belqasem, Director of Banking and Monetary Control at the Central Bank of Libya, has been nominated as the interim governor.
The move aims to resolve the leadership crisis at the Central Bank of Libya, a critical step toward restoring Libya’s crude oil production and an encouraging sign for energy companies operating in the country.
The agreement was signed on September 26 in Tripoli by representatives from the House of Representatives and the Tripoli-based High Council of State, and was facilitated by the United Nations Support Mission in Libya.
